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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO.___)
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VALENCE TECHNOLOGY, INC.
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(NAME OF ISSUER)
COMMON STOCK, $.001 PAR VALUE PER SHARE 918914-10-2
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(TITLE OF CLASS OF SECURITIES) (CUSIP NUMBER)
DECEMBER 26, 2000
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(DATE OF EVENT WHICH REQUIRES FILING OF THIS STATEMENT)
CHECK THE APPROPRIATE BOX TO DESIGNATE THE RULE PURSUANT TO WHICH THIS SCHEDULE
IS FILED:
[ ] RULE 13d-1(b)
[X] RULE 13d-1(c)
[ ] RULE 13d-1(d)
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* The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
Continued on Following Pages
Page 1 of 10 Pages
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CUSIP No. 918914-10-2 13G Page 2 of 10
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1 NAMES OF REPORTING PERSONS: SCIENCE APPLICATIONS INTERNATIONAL
CORPORATION
I.R.S. IDENTIFICATION NO. OF ABOVE 95-3630868
PERSONS (ENTITIES ONLY):
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS):
(a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF DELAWARE
ORGANIZATION:
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NUMBER OF 5 SOLE VOTING POWER: NONE
SHARES ------------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER: 4,095,000
OWNED BY ------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER: NONE
REPORTING ------------------------------------------------------------
PERSON WITH 8 SHARED DISPOSITIVE POWER: 4,095,000
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY 4,095,000
EACH REPORTING PERSON:
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10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS): [ ]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9): 10.0%
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12 TYPE OF REPORTING PERSON (SEE CO
INSTRUCTIONS):
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CUSIP No. 918914-10-2 13G Page 3 of 10
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1 NAMES OF REPORTING PERSONS: TELCORDIA TECHNOLOGIES, INC.
I.R.S. IDENTIFICATION NO. OF ABOVE 222-478398
PERSONS (ENTITIES ONLY):
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS):
(a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF DELAWARE
ORGANIZATION:
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NUMBER OF 5 SOLE VOTING POWER: NONE
SHARES ------------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER: 4,095,000
OWNED BY ------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER: NONE
REPORTING ------------------------------------------------------------
PERSON WITH 8 SHARED DISPOSITIVE POWER: 4,095,000
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY 4,095,000
EACH REPORTING PERSON:
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10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS): [ ]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9): 10.0%
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12 TYPE OF REPORTING PERSON (SEE CO
INSTRUCTIONS):
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CUSIP No. 918914-10-2 13G Page 4 of 10
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1 NAMES OF REPORTING PERSONS: TELCORDIA VENTURE CAPITAL CORPORATION
I.R.S. IDENTIFICATION NO. OF ABOVE 94-3366893
PERSONS (ENTITIES ONLY):
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS):
(a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF NEVADA
ORGANIZATION:
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NUMBER OF 5 SOLE VOTING POWER: NONE
SHARES ------------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER: 1,095,000
OWNED BY ------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER: NONE
REPORTING ------------------------------------------------------------
PERSON WITH 8 SHARED DISPOSITIVE POWER: 1,095,000
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY 1,095,000
EACH REPORTING PERSON:
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10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS): [ ]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9): 10.0%
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12 TYPE OF REPORTING PERSON (SEE CO
INSTRUCTIONS):
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ITEM 1(a). NAME OF ISSUER:
Valence Technology, Inc.
ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
301 Conestoga Way, Henderson, Nevada 89015
ITEM 2(a). NAME OF PERSON FILING:
Science Applications International Corporation ("SAIC"), SAIC's
wholly-owned subsidiary, Telcordia Technologies, Inc.
("Telcordia") and Telcordia's wholly-owned subsidiary Telcordia
Venture Capital Corporation ("TVCC"). SAIC, Telcordia and TVCC
are collectively referred to herein as the "Reporting Persons."
ITEM 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:
The address of the principal business office of SAIC is 10260
Campus Point Drive, San Diego, California 92121, the address of
the principal place of business of Telcordia is 445 South Street,
Morristown, New Jersey 07960, and the address of the principal
business office of TVCC is 3993 Howard Hughes Parkway, Suite 570,
Las Vegas, Nevada 89109.
ITEM 2(c). CITIZENSHIP:
SAIC is incorporated in Delaware, Telcordia is incorporated in
Delaware, and TVCC is incorporated in Nevada.
ITEM 2(d). TITLE OF CLASS OF SECURITIES:
Common Stock, $.001 par value per share.
ITEM 2(e). CUSIP NUMBER:
918914-10-2
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULE 13d-1(b) OR 13d-2(b)
OR (c), CHECK WHETHER THE PERSON FILING IS A:
(a) [ ] Broker or dealer registered under Section 15 of the Act;
(b) [ ] Bank as defined in Section 3(a)(6) of the Act;
(c) [ ] Insurance company as defined in Section 3(a)(19) of the
Act;
(d) [ ] Investment company registered under Section 8 of the
Investment Company Act of 1940;
(e) [ ] An investment adviser in accordance with Rule 13d-1(b)(1)
(ii)(E);
Page 5 of 10
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(f) [ ] An employee benefit plan or endowment fund in accordance
with Rule 13d-1(b)(1)(ii)(F);
(g) [ ] A parent holding company or control person in accordance
with Rule 13d-1(b)(1)(ii)(G);
(h) [ ] A savings association as defined in Section 3(b) of
the Federal Deposit Insurance Act;
(i) [ ] A church plan that is excluded from the definition of
an investment company under Section 3(c)(14) of the
Investment Company Act of 1940;
(j) [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(J).
ITEM 4. OWNERSHIP.
The response of each of SAIC, Telcordia and TVCC to Items 5
through 11 of each of their respective Cover Sheets which relate
to the beneficial ownership of the Common Stock of the Issuer is
incorporated herein by reference. Of the 4,095,000 shares of
Common Stock beneficially owned by the Reporting Persons,
1,095,000 shares are owned by TVCC and 3,000,000 shares are owned
by Telcordia. As the parent corporation of Telcordia and TVCC,
SAIC is deemed to be the beneficial owner of the 4,095,000 shares
of Common Stock of the Issuer. The percentage ownership of each
of SAIC, Telcordia and TVCC is based upon 37,867,898 shares of
Common Stock believed by them to be outstanding as of November 6,
2000, as stated in the Issuer's Quarterly Report on Form 10-Q for
the quarter ended September 30, 2000 (prior to giving effect to
the 3,000,000 shares issued to Telcordia on December 26, 2000).
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.
If this statement is being filed to report the fact that as of
the date hereof the reporting person has ceased to be the
beneficial owner of more than five percent of the class of
securities, check the following [ ].
Not applicable.
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.
Not applicable.
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH
ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING
COMPANY.
Not applicable.
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.
Not applicable.
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ITEM 9. NOTICE OF DISSOLUTION OF GROUP.
Not applicable.
ITEM 10. CERTIFICATION
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were not acquired and
are not held for the purpose of or with the effect of changing or
influencing the control of the issuer of the securities and were
not acquired and are not held in connection with or as a
participant in any transaction having that purpose or effect.
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SIGNATURE
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement is true,
complete and correct.
Date: December 28, 2000
SCIENCE APPLICATIONS INTERNATIONAL CORPORATION
By: /s/ J. DENNIS HEIPT
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Name: J. Dennis Heipt
Title: Corporate Executive Vice President
and Secretary
TELCORDIA TECHNOLOGIES, INC.
By: /s/ GRANT L. CLARK
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Name: Grant L. Clark
Title: Vice President and General Counsel
TELCORDIA VENTURE CAPITAL CORPORATION
By: /s/ KEVIN A. WERNER
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Name: Kevin A. Werner
Title: President
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EXHIBIT INDEX
<TABLE>
<CAPTION>
Exhibit No. Document Page No.
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<S> <C> <C>
1 Joint Filing Agreement, dated December 28, 2000, 10
between Science Applications International
Corporation, Telcordia Technologies, Inc. and
Telcordia Venture Capital Corporation to file joint
statement on Schedule 13G.
</TABLE>
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