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Technology Stocks : VALENCE TECHNOLOGY (VLNC)
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To: Mark Johnson who wrote (4406)10/14/1998 9:45:00 PM
From: wm sharp  Read Replies (1) of 27311
 
I too received a very upbeat assessment from FRB in recent days.

They toured the Henderson plant with Lev and report a very positive, energetic atmosphere. Morale is high, employees have a very good rapport with Dawson, and they were eager to discuss the general nature of their research and testing technology and it's importance to future generations of the battery.

I get the impression that this company has a keen eye on the FUTURE, and feel this strong R&D emphasis, as reported by FRB, should reassure potential customers. Lev Dawson made it clear in the August conference call that they had never cut back on R&D, had some "revolutionary" patents in the works for this quarter, and would be making improvements to the existing technology on a regular basis.

As reported by Mark, FRB also confirmed that analyst visits to NI are being scheduled, and also that analyst interest is strong.
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