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

To: FMK who wrote (8067)	2/7/1999 2:07:00 PM
From: P. Ramamoorthy	Read Replies (1) \| Respond to of 27311

FMK - Here it is! Barron's mail bag (February 8, 1999): Don't count out the US To the Editor: As a follower of plastic lithium ion battery developments, I was heartened to see Jaye School's article ("Plastic Fantastic", January, 25) on the potential of this exciting technology, but disappointed with its inconsistencies and sweeping conclusions. For instance, Ed Myszka of Motorola is quoted as saying "to be realistic, the technology is not yet there," and speaks of a five-year time frame before commercial batteries will have the desired flexibility advantage. Yet in the preceding paragraph Scholl states that Motorola "expects to be a big consumer of plastic lithium ion batteries in 2000". How can that be? The writer's contention that the Japanese will win the battle against US firms is coupled with little supporting evidence. Silence from the Japanese is offered as support of their vanguard position in the battery marketplace, while the statement by Valence Technology CEO Lev Dawson that his firm will be shipping batteries in commercial volumes in two quarters is treated with derision. Heavy insider buying at Valence since August, coupled with an impressive hiring blitz at its Northern Ireland facility, should at least hint that something may be up, but wasn't mentioned. Lithium polymer batteries may hit the marketplace sooner than many think, and I don't believe America should be counted out just yet. Robert Isler, NJ.