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

To: John Curtis who wrote (10340)	4/11/1999 1:37:00 PM
From: FMK	Respond to of 27311

Hi John, Your complaint about posting zero substance about Valence seems highly appropriate. To help add substance, Here are some further thoughts on this topic: exchange2000.com After writing the above post, I recalled a discussion with ULBI's Investor Relations dept about 1 1/2 years ago when they were excited about starting up their first automated assembly line. I was told how many different battery sizes and applications they were about to build Lithium Ion solid polymer batteries for. As you may recall, I had spent considerable time calculating the value of Valence's production potential in terms of watt hours per shift or watt hours per year etc. Valence's approach of making a high volume of just a few standard sizes made sense because of the difficulty of adjusting and fine tuning the machinery. ULBI's statement that they were preparing to make dozens of different products with the same automated line left me wondering how they could ever produce a sizeable number of watt hours per year because it would seem to take considerable down time to change the size and battery type, make adjustments, check the result, adjust again, run a few hundred pieces, check the result again and make the required corrective adjustments etc before running full speed. If they didn't take time to fine tune and adjust, it seemed their scrap pile would become enormous. This was a reason why I never invested in ULBI. As you know, they were first to accept an all-important PO, and their stock went to $20. They then had trouble setting up and fine tuning for just one size and increased their head count to 500 or so manual assemblers. I spoke with a worried ULBI investor who had called the plant at 3AM and was told by production staff that they were operating 3 shifts. They still couldn't produce enough good product for Mitsubishi's laptops. So much for being first with a PO! IMO Valence's approach to gradually ramp up production with initially 100% QC makes more sense. We should be seeing some results from the ongoing "programs" with OEM's and repackagers who have designed and tested their own products integrating Valence batteries. Do you suppose there been any laptop or notebook manufacturers interested in 15 hours run time on a battery pack?

To: John Curtis who wrote (10340)	4/13/1999 8:10:00 PM
From: MGV	Read Replies (2) \| Respond to of 27311

The buy side analysts that someone told someone that mootie and kellett heard went to Ireland in December must be waiting for a lower price before they buy. Do you think they think its going lower? Why would they think that? Why wouldn't they just buy it? You know they would if they had gone to Ireland and observed something worth buying. What is more bearish - analysts going to Ireland and not buying or "bullish" sources misrepresenting that analysts went to Ireland in the first place?