Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Bill Wexler's Dog Pound -- Ignore unavailable to you. Want to Upgrade?

To: Bill Wexler who wrote (181)	3/9/1999 2:13:00 PM
From: drakes353	Read Replies (1) \| Respond to of 10293

Bill: Any near term catalyst on VLNC? drakes353

To: Bill Wexler who wrote (181)	3/9/1999 3:39:00 PM
From: Michael	Respond to of 10293

Companies like VLNC seem to hang around forever. This is one reason why good ole Zitel was such a great short. A y2000 scam story has a D-Day, while many other shorts like VLNC can seemingly be dragged out for a very long time. I am just starting to slowly invest in long term short plays, Like PRBZ, altif. Sure is a nice day michael

To: Bill Wexler who wrote (181)	3/9/1999 6:33:00 PM
From: Bill Wexler	Respond to of 10293

Interesting reading on Lithium-Polymer batteries: ourworld.compuserve.com Message 7444390 <<<... Based on recent stock prices, the market values of the three pure plays run from Valence Technology's $218 million to Ultralife's $59 million to Lithium Technology's meager $5 million. Of the original Bellcore licensees, "Valence was the only company in the forefront. I thought they had the best chance" to start producing the batteries quickly, Keramides says. Back in 1993, others obviously agreed. That year, the Nasdaq-traded stock shot up to a high of $19.75 on reports that Valence had a $100 million order from Motorola. But Valence couldn't meet Motorola's specifications, and the stock plunged to just below $4. Shareholders sued Valence in 1994 in the U.S. Court for the Northern District of California, charging it with issuing false and misleading statements about its prospects. The court ruled in favor of Valence, but plaintiffs have taken their fight to an appellate court. Valence, whose shares now trade around $7.50 apiece, has racked up $133 million in losses since its founding a decade ago by Lev Dawson, an entrepreneur who has since diversified into sweet-potato farming. In an interview, Dawson recently predicted that his "highly automated" plant near Belfast, Northern Ireland, would be shipping commercial volumes of batteries in two quarters. If so, that would represent rather amazing progress. Valence's last quarterly statement, filed in August, states that the company's test batteries couldn't meet market specifications and that it had no product or sale. (A spokesman for the Northern Ireland Industrial Development Board, which has agreed to help finance the plant's operations if its revenue growth meets a specific schedule, wouldn't comment on the plant's status.)...>>> Strong sell/Short sell recommendation: VLNC