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

To: I. N. Vester who wrote (9894)	3/26/1999 9:11:00 PM
From: Zeev Hed	Read Replies (1) \| Respond to of 27311

Vester, these are actually very good questions. The IDB monies, are these grants or loans? It will be interesting to carry on the Altman evaluation on both cases, but if these are grants, it will change the Z factor quite materially, if loans it will decrease the fourth element and increase the first by a little more (since I presume the IDB funds will become working Capital). As for the value of the patent portofolio, it is in the book one way or another, so Altman does not assign to these any value above the book value. It might be actually interesting to "forecast" the Altman parameter at various annual sales level and rational profitability to see under what conditions the Z factor a, turns positive, b, gets above the critical 3. Why don't you go therough the exercise and lets derive few rational models . That might be actually quite useful to get a measure of the sales and profit levels required, according to Altman, to get of the "endangered species" list. Zeev

To: I. N. Vester who wrote (9894)	3/26/1999 11:08:00 PM
From: Razorbak	Read Replies (1) \| Respond to of 27311

Risks <<you are in no position to judge the risks.>> ROFL... A few questions for you, Mr. Vesty, if you don't mind... 1) How many companies have you started? 2) How many others have you bankrolled or capitalized? 3) How many patents do you have in your name? Not knowing you one little bit (other than the fact that you appear to be a one-thread wonder), and knowing Zeev's professional bio and track record quite well, I'd say he is in a pretty darn good position to judge the risks of this company. I'd lay money on his analysis any day. BTW, what is your track record anyway? XOXOX Razor PS - Oops, make that a two-thread wonder now. I see you visited Mr. Wexler's lair just yesterday. ;^)