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

To: Richard M. Jimmink who wrote (8294)	2/13/1999 11:29:00 PM
From: P. Ramamoorthy	Read Replies (1) \| Respond to of 27311

Richard - Royalty payments (typically 5-10% of sales or whatever) can be compared to about 50% margin on sales. Pus early-to-market advantage over the competition. I can see the royalty potential in the aerospace industry. With dozens of battery manufacturers in and outside USA, barrier to entry is not as high. Licensing may follow at a later date. I have not heard Intel licensing their Pentium chip technology as soon as it comes to market, because of royalty payments. There is a plenty of time to see how VLNC plays its technology leadership strategy. No wonder VLNC is not in a hurry to sell laminates. Aside - top ten companies with 1998 US patents are: IBM 2657 Canon Kabushiki Kaisha 1928 NEC 1627 Motorola 1406 Sony 1316 Samsung Electronics 1304 Fujitsu 1189 Toshiba 1170 Eastman Kodak 1124 Hitachi 1094 An increading number of patents are being awarded to Japanese and Korean companies. Ram