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Technology Stocks : VALENCE TECHNOLOGY (VLNC)
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To: John Curtis who wrote (672)7/1/1997 9:52:00 AM
From: FMK   of 27311
 
Hi John, thought I should mention that the company has lately been stating production numbers in batteries and expected sales price per battery, as they were at the beginning of the year. It was during the last conf. call that Cal Reed stated producition in individual cell count. If you remember, I had some lengthy conversations with their engineers shortly after, as outlined in my posts on this thread.

I have been told lately that my production estimates seem to be a little on the high side according to what the company is now stating, but remember that even if I divided my best estimates by 2, I would still be pleased with the outcome!

It's likely that the company would prefer to "keep it simple" and build in a "cushion" such that they can pleasantly surprise along the way-- as Bill Gates seems to always do!
We may hear some mixed feelings about the internet. For as much interest that it has generated, it has likely generated a tremendous number of questions for them and believe they have done a tremdous job in this regard.

I feel sure we will be even more pleased to own stock at these levels as events unfold through the Summer and Fall. I will be listening to the conference call.

My Best Regards to all who own the stock! Fred M. Kellett
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