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Technology Stocks : VALENCE TECHNOLOGY (VLNC)
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To: kolo55 who wrote (3026)5/26/1998 4:31:00 PM
From: DKR  Read Replies (1) of 27311
 
I agree that when you isolate the market for laptop batteries, it seems unlikely that VLNC could capture enough market share to reach capacity in the next year or two. However, remember Lev described this market as an $8,000,000,000 market, and growing. My point, focusing solely on laptops and cell-phones may be too narrow a focus. (Just a 3% share of 8 billion is 240 million.)

I don't know the battery market well enough to guess at the makeup of this huge market but the possibilities for this technology should be far reaching.

Also, IBD reported that the number of mutual funds that own VLNC has increased from 16 to 17, continuing the trend from 12 about four months ago. And I think MM manipulation has been overdone on this thread, like water finding its own level this stock price will move when the market perceives a buying opportunity.
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