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

To: mooter775 who wrote (10343)	4/12/1999 1:35:00 AM
From: MGV	Respond to of 27311

Someone else thinks Kellett is wormy. Read on: FMK's 'mis'information continues... by: MKT_entropy (40s/M/North East) 10211 of 10223 I don't want to come through as a VLNC or FMK's basher, but his grandiose and taken-from-the-blue-sky predictions are soemtimes just too much to digest. He has repeatedly claimed that [...I agree patents alone are only one ingredient, but a huge factor in Valence's case in view of the manganese oxide and phosphate patents...] And what manganese patent is that, Fred? Please be specific, if you can--which patent you believe would preclude other Bellcore licensees from using Mn spinel cathodes? [... The people behind the company are another very important ingredient. IMO that ingredient is probably why Bellcore owns 1.5 million shares of Valence but has no stake in any of its other licensees that anyone has been able to find...] If you were to get 1.5 million shares for free, wouldn't you take them? Your rhetorical question as to why Bellcore doesn't own shares in other licensee companies is misleading to the point of being dishonest. To support my point, here is a direct quote from sec.gov [... BELL COMMUNICATIONS RESEARCH, INC. In June 1995, the Company entered into a non-exclusive license agreement with Bellcore, to license Bellcore's plastic lithium battery technology. Under this agreement, the Company received rights to patents, trade secrets and knowhow developed by Bellcore. The Company is in the process of integrating the Bellcore technology with the Company's lithium polymer technology, and believes that the Bellcore technology provides solutions to several technical problems the Company was facing with regard to its technology. As part of the agreement, which includes license fees and royalty payments, Bellcore received a minority equity position in the Company of 1,500,000 shares of common stock. Additionally, the Company secured the right to grant to Delphi a limited sublicense to the Bellcore technology for experimental use, and the right to grant an option to Delphi for a sublicense to make, have made, use and sell batteries for land, marine, and air vehicles, including electric vehicles, and utility load-leveling applications. ...] I wonder if you have ever bothered to read these documents, Fred, or do you just rely on telephone calls from friendly equity managers and brokers? Please don't regard my post as a personal attack on you, but the lack of objectivity in your posts should be troublesome to anybody familiar with the field; eventually, it is bound to undermine your credibility. Regards, M_e