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Technology Stocks : VALENCE TECHNOLOGY (VLNC)
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To: Dennis V. who wrote (6474)12/30/1998 1:06:00 PM
From: Zeev Hed  Read Replies (3) of 27311
 
Dennis, PO in mid February would correspond to shipments beginning in the second quarters. I doubt that initial P.O.'s would be for major orders, the OEM like to be comfortable with a new technology, no one likes to handle huge returns, which an untested in the field technology is always a possibility, this is why I think that ramp up, even at the OEM will take at least a quarter. I presume that accelerated testing has been carried out and that VLNC would be shipping a technology they have "stored" for at least a year.

Zeev
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