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Technology Stocks : VALENCE TECHNOLOGY (VLNC)
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To: golden_tee who wrote (14931)9/29/1999 2:39:00 AM
From: Chisy  Read Replies (2) of 27311
 
A Prudential analyst, John McMillan was quoted in the Bloomberg release as saying, "People aren't brand loyal" when it comes to rechargeable batteries. "When you use your cell phone you are going to use the one the company gave you, and when you're selling to Motorola the lowest priced battery wins."

This is precisely why the last SEC filing had me so riled. They lead us to believe that they may not be able to produce a cost effective product. Which may be why they don't yet have a sales force. Any comments?
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