Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Larry Brubaker who wrote (6627)	1/2/1999 8:38:00 PM
From: FMK	Read Replies (1) \| Respond to of 27311

Larry, even the best of sources couldn't have predicted that Cal would have implied the Japanese couldn't be trusted with the laminate formula under a license agreement and Sony would have walked out of the room. At the time they were ready with the previous version of the battery, most company employees wouldn't have known of the decision to scrap the current version, buy and install their own laminators and use the time to develop an even better version. On several occasions I stated my conclusion that I had invested too much too soon. If the potential wasn't so huge, I probably would have been more conservative. After long conversations with Valence engineers I felt confident of the machine capacities and was able to convert the results to watt hours and annual revenues. I became unshakeable because I had never been aware of such a tremendous return on investment in my life. I shared my computations with some large investors and institutions. Several investment veterans told me they had never encountered a company with such a huge potential in their careers. I had plenty of feedback to keep the faith. When the stock started to sell off, I was confident of the long term results and hung on, allowing others to take their profits and run. When it dropped too far, I was finally forced to sell on margin at near term lows when it was the best time to be buying. I wasn't clever enough to jump in and out. All I can say is I won't be worrying about having sold out and seeing the price gap up before I am able to buy back in. The increase from 60 to 270 employees, insider buying and several other pieces of information indicate that we are now very close. It's not the time to be on the sidelines.