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Technology Stocks : VALENCE TECHNOLOGY (VLNC)
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To: Zeev Hed who wrote (17225)12/23/1999 3:46:00 PM
From: MHS  Read Replies (1) of 27311
 
I don't think 50 is impossible either -- and it makes me a bit uncomfortable because it would not be based on any fundamental (ie income) evaluation at that point. But if they have the battery we all hope and trust they do, this could react like an internet or tel comm stock and get way ahead of itself. I personally would rather see a steady growth to the 30 or 40 Zeev mentioned and then higher the following year. It will also depend on the contract and whom they are with.

mhs
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