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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: Emmo who wrote (1721)	12/12/1997 3:00:00 PM
From: Gordon Quickstad	Read Replies (1) of 27311

The latest annual report states "It is anticipated that the Company will supply Hanil Valence Co. with its proprietary laminates, from which Hanil Valence Co. will manufacture batteries for the Korean market. Additionally, Valence will supply the technology, initial equipment and product designs and technical support out of its Northern Ireland facility:" With the won being devalued, all these components are going to cost more making the final product more expensive to the Korean market (where the JV has stated that the product is intended for). This may indeed account for much of the slump, in addition to the management shakeup.

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