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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: William who wrote (3786)	8/17/1998 9:55:00 PM
From: hcirteg	Read Replies (1) of 27311

A special thanks to FMK..... Fred- Just listened to the tape of the CC and....WOW! I can't believe Lev and how different he was this time versus the last two. Here's my thoughts: 1. My god man we have NEVER been closer to paydirt. I had chills the entire call. Lev has "focused" on the large players of which "some are being aggressive in wanting to be the first out." Kaching! 2. How about the fact that they NEVER cut R&D and this has resulted in a company that will "be the biggest threat to themselves as they obsolete their own technology with better technology about every quarter!" (INTEL led the way with this rolling upgrade concept and obsoleting yourself...trust me it works)Kaching! 3. They'll be making lots of phone batteries by "this fall." And Lev said we are profitable with "one large battery line." Also, Mr CFO says we spent most of our money already on cpaital equipment and that the quarterly burn will drop. Lev added,"and should be replaced with work in process and accounts receivables." Kaching! 4. I got goose bumbs with the closing statement by Lev...."the best thing about this company is we are all a part of something that can change people's lives. Opportunities like this come along once in a lifetime." Kaching! (BTW, is this the same guy that had mepuking inn the toiled back in February?????) The 115 employees and growing VLNC is a rocket ship baby...and it seems like we are finally ready for lift off. Mooter.....dude you were relentless!!! Great job. When you see some early buys tommorow, you'll know who's buying! Bought a bunch of MAR 5 calls for a $1...can you beleive it??? Ladies and gentleman...if you are long, you are strong. The stock is a steal here. Today was just the start. IBM is my guess for the XMAS laptop deal. Good Luck and thanks again FMK. HC

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