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Technology Stocks : VALENCE TECHNOLOGY (VLNC)
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To: Larry Rotsaert who wrote (1498)12/3/1997 8:52:00 PM
From: wm sharp  Read Replies (1) of 27311
 
Lith Tech should be cheered by all on this deal. It adds momentum and legitimacy to the li-polymer technology, and is further evidence for substantial OEM interest.
Yet LITH was down several percent today, after making this announcement this morning. ULBI lost about 3% today. Thus, I think a good case can be made that the price action in this group as a whole does not reflect the fundamentals (-YET!-) As was suggested earlier, we need to hang in there through this year-end turmoil, where other concerns may be clouding the fundamentals. JMHO.
Valence management is most certainly aware of the situation, and I personally believe OEMs are likely clamoring for the new batteries (and the contracts that would guarantee supply for next year.)
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