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Technology Stocks : VALENCE TECHNOLOGY (VLNC) -- Ignore unavailable to you. Want to Upgrade?

To: Larry Brubaker who wrote (6621)	1/2/1999 6:15:00 PM
From: Dennis V.	Respond to of 27311

Larry, it's clear that FMK has had his share of bloopers. However, his batting average, considering the number of posts, has not been that bad. A home run or two, even though late in the game, can forgive a lot. The opacity of this company, seen over the years, has been remarkable. Getting accurate information has to be difficult and Fred, even though blindsided by his sources from time to time has not, to my knowledge, offered these up as alibis. Besides that, his spelling is excellent.

To: Larry Brubaker who wrote (6621)	1/2/1999 6:28:00 PM
From: FMK	Read Replies (1) \| Respond to of 27311

Larry, Last year they reportedly were ready to go as I posted. They were capable of volume production of both laptop and cellphone batteries as stated by Cal Reed during a conference call. That's when he mentioned a production rate of 240 bi-cells per minute for the Italian lines. At the time, they had reportedly simultaneously and successfully tested identical high speed machines in NI and Italy for the version of the battery. After enduring repeated problems with laminate from an outside vendor that ruined batches of batteries, they finally found it necessary to spend big bucks on the equipment and do it in house. Implementation required time. The version of the battery they were ready to go with was not a good as what Jerry Barker had more recently discovered. The decision was to develop and refine Jerry's formula during the time required for delivery and debugging of the new laminators. The end result is a far superior battery. If they had started distributing the previous version, they would have geared up for a first product version early in the QC cycle without enough laminate to supply a large quantity of. The problems with the "goo" were related to mixing very large batches of material compared with the small batches they had already perfected in Henderson. As you may recall, there was confusion over whether equipment from Ireland had been sent back to Henderson. Naysayers made the worst of Lev's statement when he called it "redundant" equipment and concluded that it was returned from Ireland because it didn't work. What he did was to instruct the North American supplier to ship part of the order, a large laminator, to Henderson Nevada instead of to Northern Ireland. This allowed them debug and perfect the operation at home, alongside their smaller, already perfected machine and saved the travel time and expense required to compare notes from different time zones. To me it made sense, and indicated that Lev was calling the right shots.