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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: John Curtis who wrote (17231)	12/23/1999 7:37:00 PM
From: jean1057	Read Replies (4) of 27311

hey John..just some quick thoughts about todays talk in Henderson.. no spectacular news...the current financing should take us through apprx. 10 month...this is very good news IMO...we will probably get part of the IDB money from April on ..could maybe be around 10 million until late summer....already approved funds for equipment etc...additional storage "cages" in place and more on order...quarantine time 14 days currently...Hanil makes faster progress than initially expected...mgt. in Korea thinks will be ready for production in March (that is to be taken FWIW)...Henderson will remain research and trial lab..around 50 people employed..no production planned...6 people in Seattle..research only..Phd's mostly.. Beta testing of laptop batteries with Moltech...very satisfactory.....per watt/hr 2.50 - 3.50$ ...laptop apprx. 12 watt/hr. about every laptop company has samples of the battery... no confirmation of upcoming orders ...of course they would not give any information that is considered "insider knowledge"... My opinion only..but they seem to be very comfortable at the moment..looks like strong interest on every level..from cellphone to startak palms and laptop ...the first order we got, was an order in competition to another company which product, suggested disappointing results ...that looks like we might receive substantial follow up orders ..2nd order is from 1 european company...no names confirmed...that is it at the moment...back to the black jack table.. Viva Las Vegas...Merry Christmas ...J.C

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