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

To: I. N. Vester who wrote (10466)	4/16/1999 8:46:00 AM
From: Zeev Hed	Respond to of 27311

Vester, you should look at what I write, not what the various translators on this thread interpret of my posts. From the breakout of 5 last year (brought to my attention by the thread's bulls' nemesis Larry), I always looked at VLNC as a potential hockey hook situation. I am not at the point of agreeing with Rich that all doubts are over, on the contrary, the financial situation here is extremely precarious, and it does not matter how good the technology is if the resources to launch it are not there. Typically, a company in such financial straits will have to cut corners, and that is exactly when Mr. Murphy likes to get his mischiefs on the road. Yes I am still in ULBI, and the reasons are very simple, they have the resources and are operating very close to positive cash flow (maybe even make a marginal profit soon). Even if their technology is inferior (which I am in no position to determine), the fact that they have financial leeways and VLNC does not, make them an important contestant in this race. It is also very nice to be able to buy a company with a potential J curve in sales under book value. Zeev