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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: nealm who wrote (7404)1/23/1999 4:41:00 PM
From: FMK   of 27311
 
Thanks Nealm, you saved a trip to the news stand. Editor Jaye Scholl's theme is ".. Is America about to blow it again?"

He obviously worked hard to gather evidence to argue his case, including digging into Valence's long history. He did confirm, however, that Valence was Bellcore's top pick.

Should we worry about Valence? I wouldn't let one magazine editor convince me to sell my stock. Instead, If possible, I would prepare to use any effect of lowering the stock price to add to my position. As the editor observed, the industry is secretive with cards close to their chests, and doubt Valence or the Japanese have shown him their hands.

We should remember Lev's statement on August 12 that Line 1 can produce at least 5 laptop batteries per minute,"initially" and 1800 per day are enough to break even. An 8-hr shift per day should do it. Additional production should therefore make Valence profitable and 270 employees should be several times enough for that first shift!

I rest my case, but saving .02!
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