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Technology Stocks : VALENCE TECHNOLOGY (VLNC)
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To: John Curtis who wrote (13671)8/12/1999 6:30:00 PM
From: Zeev Hed  Read Replies (4) of 27311
 
John, the only minor problem I have with the rosy "fundamental" picture from the CC is that the TA does not reflect that rosy picture, at least not now. A lot of selling must have come in to stop VLNC from ascending today, does someone else read the CC in a manner quite different than the thread does? Maybe at $76 MM/year (with ramp up type yields) they are just going to break even (quite an achievement, but possibly too early to justify about $180 to $200 MM in capitalization)?

Zeev
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