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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: Greg Smith who wrote (4896)	11/12/1998 1:56:00 AM
From: Emmo	Read Replies (1) of 27311

I have not seen any press releases from Henderson on the Hanil-Valence progress so I assume they don't think we need to know the progress of that partnership. We also don't hear much about the status of the other partnerships they are involved with in. However the folks in Korea have released news and the time line fits the picture. If LD said a line is set for delivery to Hanil next month fits a production date of mid 1999. That gives them 4-5 months to install and de-bug. In the mean time they have to be providing samples to OEM's to test and design. So I can only assume they have some production capability. Since no details are given in these CC's what LD says is very general. The written word carries more weight with me at this stage. Regarding the great debate over cells or batteries,,,How could he be talking batteries when they build cells? How can he know what the OEM's are going to need for unknown designs? At this point all they make are cells and OEM's will dictate construction.

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