VALENCE TECHNOLOGY (VLNC) Message Board

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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: Matthew Leo who wrote (208)	4/10/1997 2:54:00 PM
From: FMK	of 27311

Progress Report- I just spoke with the company and learned that line 1 is still on schedule for production qualification by the end of June. Dates for analysts visits are not set. No problems have been discovered with the approx 3-week old product now being tested in Nevada, including destructive tests to reveal problems with production techniques. Line 2 should be "on the floor" for initial operation and testing about mid to end of May and will correspond with the arrival of some "new hires". It is expected to be production qualified by August or September. The company would not comment on OEM contracts or their timing. This morning a fund manager noticed that Investors Business Daily ranked VLNC at 89% relative strength compared with the OTC average. This puts it in the top 11%. He was pleased with the chart and would not be suprised to see a $2 run up by the time he returns from a 2-week vacation. Regards, FMK

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