VALENCE TECHNOLOGY (VLNC) Message Board

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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: Larry Brubaker who wrote (7100)	1/14/1999 10:36:00 PM
From: Zeev Hed	of 27311

Larry, if VLNC shows the market a contract for $100 MM (from a single OEM), I would be surprised if the stock did not go to mid 20' or even with an overshoot, to what Fred is painting. The reason is quite simple, if one OEM has a demand (and the temerity) to order $100 MM (even if it is an "annual" draw down type order) the market will at once project that within three or even five years, sales will reach that billion dollars annually or even more. Look at all these internuts, they are selling at 20 to 30 times there expected future sales. Well, not PROG, but that is another story. The market does discount future events and a $100 MM single order from one OEM might even warrant a price in the 20' IMHO. Zeev

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