VALENCE TECHNOLOGY (VLNC) Message Board

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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: Tickertype who wrote (889)	7/31/1997 9:33:00 AM
From: FMK	of 27311

T, re: << Will the cell phone units for production, coming off line 2, be put through the same acceptance procedure, or do you think OEM's will accept the line 1 results?>> I have been working on this question for some time now and have no conclusive answer! The consensus is that acceptance of line 1 cells definitely provides a basis for a contract since it is representative of product made on an automated assembly line with the same techniques as line 2. The company could have accepted a contract months ago, before the line was completely assembled as a competitor has done and as Valence did about 4 years ago, and we would have already seen a substantial boost in the stock price! With line 2 testing already completed in Italy and the knowledge that it is less complex and the company is very pleased with its progress, I believe some line 2 cells will be available for testing before too long. Even a few days of testing with results similar to line 1's should provide some confirmation, in my opinion. Regards, FMK

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