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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: Bill Holton who wrote (2282)2/20/1998 5:56:00 PM
From: FMK  Read Replies (2) of 27311
 
Here's something to help our weekends.

I just learned that there have been no shipments of process equipment from Ireland to Henderson, Nevada.

Of the four identical U.S. built coater/laminators that were ordered for the Ireland plant, one was shipped instead to Henderson so that it could be fine tuned and adjusted at home as representative of the other three, thereby saving considerable travel time and expense.

The remaining equipment in NI has already produced good product at full speed with laminate produced by the smaller machine in Henderson. I was told that results with the large laminating machine have been good.

I suspect the stock has again become oversold - this time because some conf call listeners were quick to conclude that serious problems existed that required shipment of equipment back to Henderson.

Regards, FMK
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