VALENCE TECHNOLOGY (VLNC) Message Board

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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: FMK who wrote (2270)	2/20/1998 1:47:00 AM
From: Larry Brubaker	Read Replies (1) of 27311

FMK: Yes, VLNC announced they plan to produce some batteries. Unfortunately, they made it clear in the conference call that they will not be producing many, they have yet to solve the problems that will allow them to scale up production, and there is no guarantee they will solve those problems. Mumbo jumbo about how mixing a 500 lb. vat of chemicals is different from mixing a 5 lb. vat. Maybe so. I would have liked to hear a clearer explanation of the problems, and their steps and timelines for addressing them. I'm sure they could have provided a better explanation of the situation without giving away trade secrets. My guess is the stock will revisit $4 before it sees $8 and $9 again. Just my opinion, which is wrong quite often.

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