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

To: Zeev Hed who wrote (9911)	3/27/1999 9:57:00 AM
From: Mark Johnson	Respond to of 27311

There's Zeev obfuscating the issues again. He scans, plots, searches the internet for inane analysis to confuse the issue. The absolute bottom line is Valence needs to make batteries in volume and sell them. Right!!! When the first PO is announced the stock will take care of itself. Naysayers, I'm putting my money on what Lev Dawson told us at the last shareholders meeting. It seems Larry and Zeev have concluded that Lev Dawson was lying! I don't think so... Zeev hasn't proved to me he knows anything about bringing Li/Poly production on line. Thus my money is not on him. His commentary has gone way too far and is mostly an insult to Valence, its shareholders, and Officers based on his continued negative bias analysis. He has lost any ability to be objective and obviously enjoys the negative banter he solicits. Oh well... Time will tell...

To: Zeev Hed who wrote (9911)	3/27/1999 4:10:00 PM
From: I. N. Vester	Respond to of 27311

Zeev, if we assume that vlnc only breaks even on $40M in sales, then X3 is 0 an A-Z is 2, not 3. You did challenge me to get it over 1.8 didn't you? Well, if you don't keep forgetting the $20M IDB money (this is not the first time I've had to point that out to you), then the point is that the company has to break even on $40M sales to clear 1.8. Actually they would come close if they could break even on say $25M sales. Larger sales and/or any positive EBIT will push them up towards 3 rather rapidly, and any sustained advance in stock price will also move them up quite quickly on the scale, probably well above 3. I have to admit, this is a very interesting tool. thanks for introducing me to it! Do you disagree with any of the above? Again, with no PO, valence looks like a terminal patient on very expensive life support. The stock price reflects a belief that PO(s) are a given and probably not much more than break even level of sales. Absent a PO, the stock will be subject to downward pressure. A tiny $10M PO will not stop that without more financing. Even a great financing deal will not help much without PO's. PO's and the access to IDB monies are the difference between a stock which may well be very undervalued at this level and one which is clearly overvalued. I don't know about you, but A-Z really confirms for me what i already know about this situation. You seem to still be a little stuck on 'they don't have money', but that's only when you forget about IDB. Or you just don't believe what the market is telling you about an imminent PO. I can't argue with your beliefs on that score, mine are just different.