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

To: Pallisard who wrote (8630)	2/22/1999 8:37:00 PM
From: Mark Johnson	Read Replies (1) \| Respond to of 27311

Pallisard: Hey, what about that line 3. Must be the larger battery line from Italy that was discussed at the shareholder meeting. Now why would they be installing another line? Could they have some customers lined up? Looks promising!!!! In regards to Visnic and his dysfunction....well...nothing could surprise us. This stock is gonna pop when they let the cat out of the bag!!

To: Pallisard who wrote (8630)	2/22/1999 9:02:00 PM
From: FMK	Read Replies (1) \| Respond to of 27311

Pallisard, regarding the market, Here are some comments on this fine summary posted on Yahoo: messages.yahoo.com@m2.yahoo.com "Thanks Titan, for a good summary- I have some comments that should make you feel better about the competition. Much of the information was mentioned during Valence's recent shareholder meeting and conference calls. 1-Valence has been working on their technology for over 9 years. During which, they have solved many problems and taken time to patent the solutions. They have over 400 patents in various stages. 2-One notable patent is for the use of manganese oxide as cathode material. Most of the competition uses higher-cost cobalt oxide that requires an 8% usage fee, is environmentally unfriendly and is dangerous to prevent overheating during charging and discharging. 3-Valence's patented manganese oxide version has been improved to perform as well as most of the cobalt versions, without the dangers. Their patented manganese oxide allows them to build large batteries, especially portable computer batteries, without the dangers and at much lower cost. 4-Computer folks now pay a premium for lithium ion batteries because of their increased life and run time. What they are getting are packages of smaller metal canisters, typically 9 or 12, connected together in series/parallel combinations and molded into battery packs. 5-Most of these competitor's batteries have metal canisters with pressure relief mechanisms, cobalt oxide cathodes and contain liquid electrolyte. 6-Cobalt is so far not available in non-canister form (polymer) for large batteries for safety reasons. Valence's patented manganese oxide batteries have been produced in fairly high volumes for many months in NI and they seem to have a very good head start. 7-Another notable patent Valence recently announced is for use of phosphorous compounds that enhance cathode performance up to 60%. As I understand it, these compounds can improve the performance dozens of other metal oxides, including cobalt, that are used for battery cathodes. 8-For a significant boost in performance, Valence's competition may find it desirable to also use these phosphorous compounds. If so, they will have to pay royalties to Valence or violate their patents. 9-Valence's patented lower-cost manganese oxide technology still would provide a great competitive advantage, especially for larger batteries. They are reportedly getting up to 90% yields as compared with 50% or so for Sony's canisters. 10-CEO Lev Dawson recently stated during a conference call that some ultrathin portable computer manufacturers were limited to about 3 hours of battery life with the competition's liquid-electrolyte canister battery packs with cobalt-oxide cathode material. He mentioned that they could get about 14 hours with a valence solid polymer battery molded into the case. 11-Add the phosphate materials and the 14 hours could very well become 20 hours. IMO you shouldn't be too worried about competition. 12-As you are aware, Valence does not have any of its engineers writing articles published in magazines, as were found by ULBI's Greg Smith. In fact, they have given the press very little time. Having the best batteries available in huge quantities should soon speak for itself. IMO the lack of press should be recognized only as an indication that the stock is undervalued. Thanks again for your summary." Regards from Fred M. Kellett

To: Pallisard who wrote (8630)	2/23/1999 12:30:00 AM
From: P. Ramamoorthy	Respond to of 27311

Pallisard - With 2% gain in DOW and 2%+ gain in NASDAQ, and with merger announcements, it could have been a good day for VLNC. Heck, no! No change from $8. Glad that it did not go down. Ram