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Technology Stocks : VALENCE TECHNOLOGY (VLNC)
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To: Mitchell Jones who wrote (967)8/13/1997 11:28:00 AM
From: mooter775   of 27311
 
I think that you are right on, Mitch. Unfortunately, while the company hoped that product from line 1, initially produced as early as June, would eventually meet the standards for "acceptable prototypes", in fact CR stated or implied in response to a question on the conference call, that, no successful batteries had been sent to potential OEMs from line l, only from their Nevada labs.
I'm still optimistic about line 2 and long the stock, but view the situation with more risk than I did before, when I thoutht that line 1 was in fact producing prototypes that were testing successfully.
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