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

To: Eli74 who wrote (11484)	5/27/1999 12:43:00 PM
From: P. Ramamoorthy	Respond to of 27311

Eli - Agree with your analysis of VLNC potential earnings. Re.$1.1 billion at $2/watthr at p/e of 20. Add licensing revenues, JV's (Hanil, Alliant, more?), laminate sales to Delphi and others, etc. May be another plant or two (Mexico, Phillipines, Malaysia, USA??) If their technology is approaching the thermodynamic limit, and if they have the expertise for mass production at high yield, they will enjoy good margins. Ram

To: Eli74 who wrote (11484)	5/27/1999 1:54:00 PM
From: William Epstein	Read Replies (2) \| Respond to of 27311

Eli74; I'd be wild. Take a trip to Hawaii, tell my wife to quit her job, etc.. However, 30% pre tax and 20% after tax is more like reality. Financing costs of working capital will eat into that. Also, there is a limit to what people are willing to pay at retail. Price points are important regardless of what you produce except, in medicine. People will pay anything to go on living. INTC has more money than god. They don't need financing. Their problem is investing it. Even they have to pay attention to price. Its irrelevant today, isn't it? PHOTOMAN