VALENCE TECHNOLOGY (VLNC) Message Board

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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: Matthew Leo who wrote (141)	4/3/1997 11:37:00 PM
From: FMK	of 27311

I spoke with the company today and heard the solution to recent production problems amounted to a few simple parts that were being installed today. I find it hard to believe that the value of our investments could drop almost 20% because of a pulley and some brackets. Anyway, I was told the company intends to schedule analysts visits within 30 days and that line 1 should be running 8-hr shifts before the end of June. To offset this 1-2 week delay, line 2 is expected ahead of schedule and its production qualification much easier because most of the line was already operational for the earlier technology. The company plans to begin hiring production workers for line 2 about mid May. If it were possible to apply logic to the market, and line 1 is delayed by 2 weeks while line 2, with twice the production capacity, is early by 4 weeks, shouldn't the price of the stock be above where it was before the known shift in schedules? Wasn't it over $20 last time they were this close to factory production? Sorry to sound impatient, I know there are many who have been involved much longer. My regards to fellow Valence owners!

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