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

To: P. Ramamoorthy who wrote (7192)	1/19/1999 11:56:00 AM
From: DKR	Read Replies (1) \| Respond to of 27311

ULBI.COM? I am guessing that the lack of OEM interest has driven our friends to try to cash in on e-commerce. ULTRALIFE BATTERIES, INC. ANNOUNCES PLANS TO Expand Battery Sales Over Internet NEWARK, N.Y., Jan. 19 /PRNewswire/ -- Ultralife Batteries, Inc. (Nasdaq: ULBI) announced today that it will aggressively market its high-performance lithium batteries over the Internet. Greater emphasis on electronic commerce in 1999 will be the focus of a major re-design of the company's World Wide Web sites, which include www.ultralifebatteries.com, www.ulbi.com, and www.solidpolymer.com. The goal of Ultralife's Internet marketing initiative is to expand sales significantly by reaching a wider base of knowledgeable customers. James R. Sullivan, Ultralife Vice President of Sales, said "The Internet affords us a unique opportunity to reach customers who understand, and are seeking out, the advantages of our advanced-technology batteries." The Internet initiative will also offer powerful new on-line customer support services to existing retailers, distributors and equipment manufacturers. Ultralife's advanced solid polymer rechargeable batteries are significantly thinner and lighter than existing rechargeable batteries, yet can last longer in portable electronic products. Making these batteries available over the Internet would give millions of cellular telephone subscribers and notebook computer users immediate access to the state of the art in rechargeable battery technology. Rapidly increasing demand for long-life smoke alarms, spurred by state legislation, has created a dynamic market for Ultralife's 9-volt lithium battery -- the only battery of its kind that can last ten years in household smoke alarms. Making this battery available over the Internet will give consumers around the world a chance to upgrade their smoke alarms with ten-year battery life. "The Web has already proved to be an excellent way to develop new customers," said Mr. Sullivan. "By emphasizing Internet commerce even more, and by revamping our Web sites to appeal to a much larger, more diverse group of battery users, we think we can make a significant impact on sales. The Web brings us customers intent on finding the best battery for their situation, and our state-of-the-art lithium batteries offer significant, compelling advantages over the competition." Ultralife Batteries, Inc. manufactures and markets a comprehensive line of high-performance lithium batteries. The Company's primary lithium batteries are used in a wide variety of consumer, industrial and military products. The Company's advanced rechargeable batteries are being commercialized for notebook computers, mobile telephones and many other portable electronic products. Key customers include First Alert, Fyrnetics, Maple Chase, Eveready, Radio Shack, and the national defense agencies of the United Kingdom and the United States. This document contains forward-looking statements based on current expectations. Actual results could differ materially from those projected as a result of various risks and uncertainties, including continued acceptance of and demand for the company's products, and changes in customers' purchasing plans. A more detailed description of such uncertainties is contained in the Company's filings with the Securities and Exchange Commission, such as the Company's Annual Report on Form 1O-K for the fiscal year ended June 30, 1998. SOURCE Ultralife Batteries, Inc. -0- 01/19/99 /CONTACT: Greg Smith, Marketing Manager of Ultralife Batteries, Inc., 201-930-4900, or fax, 201-930-1144/ /Web site: ulbi.com /Web site: ultralifebatteries.com /Web site: solidpolymer.com (ULBI) CO: Ultralife Batteries, Inc. ST: New York IN: CPR MLM ADV SU: PDT ================================================================ Subjects: business hightech infotech public+companies wall+street annual+report art cellular commerce computer computers consumer corporate electronics household internet legislation market marketing military nasdaq otc prn products radio sales securities technology united+kingdom united+states usa world+wide+web Symbols: ULBI

To: P. Ramamoorthy who wrote (7192)	1/19/1999 2:55:00 PM
From: HQ	Read Replies (1) \| Respond to of 27311

Ram - What do you make of today's trading activity? I notice the large blocks that are going through at the 7 1/2 or 7'9 price, which appear to be sales. I would think, from past observations/interactions with the MMs, that if you or I tried to dump that many, without some offsetting buyers, the MMs would yank the price right down. I've seen this happen on other days in this last month. What do you think of the possibility that this is Castle Creek selling blocks to the MM's at agreed-upon prices? Being a 25% premium to their cost, it's a nice return in the short run, and still not a large percentage of their holdings. And if this is setting the price at which the MMs can get a large number of shares for sale, then any subsequent purchases by us small retail investors would have to be above this price (for these shares). (Barring other unforseen 'large sellers', of course.) At the least, someone is arranging things with the MM here.