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

To: lws who wrote (6917)	1/8/1999 5:17:00 PM
From: I. N. Vester	Read Replies (1) \| Respond to of 27311

VLNC can't compete with Sony is pure nonsense. Especially in new product development, small quick companies beat the big guys all the time. 10 years ago IBM booked about $1.5B (note the 'B') profit in their mainframe storage business. Now they breaks even on hardware in that division. Check out EMC: bigcharts.com $4 in 1993, $15 end of 97, $95 today. IBM had already owned the business for years and EMC came in and ate their lunch, dinner and desert. If this kind of investment makes your nervous go buy Sony! You want all the return and no risk. Get out if you don't have the stomach to stick with it. Nobody ever believed 3 dudes from Mass could build a very complicated product with complex mfg process and beat IBM. That's why their stock was $4 in 1993. And look how long before they took off. Do you have the stomach or not? BTW: The Japanese major companies are famous for for announcing 'vaporware'. They don't have an SEC over there so standards for disclosure are totally different. I've worked directly for and with several and they are just as capable of screwing up as IBM was, too.