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Technology Stocks : VALENCE TECHNOLOGY (VLNC)
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To: John Curtis who wrote (485)6/1/1997 3:44:00 PM
From: FMK   of 27311
 
John, I heard the company is very pleased with the operation of line 1 and that they will resume its certification testing during the 1st week of June. Apparently there was a delay aquiring sufficient high-quality raw material.

I understand they are also pleased with intitial line 2 tests and are likely to have the first three lines operational by yearend. I have not heard anything negative and therefore concur with Don Wolanchuk's advice- I am accumuating as much as possible under 10 before it breaks the 10 1/4 level.

I will be away for a few days, and am looking forward to another good week.

Regards, FMK
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