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Technology Stocks : VALENCE TECHNOLOGY (VLNC)
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To: FMK who wrote (40)1/29/1997 2:03:00 AM
From: Alex Fleming   of 27311
 
FMK,

Your prediction is very much in line with my expectations and $20 may be conservative. I not even going to try and guess what the P/E will be in a year. I found an article (on techweb some place, I will find the url and post it) that was debating the overall size of the market for the new batteries. My opinion was that the author was very conservative in his estimates about the overall impact these new batteries would make. We should get some feed back from customers in the near future that should make it easier to make better forcasts. Regardless, I have been accumulating in the 5- 5 1/2 range recently and I'm not too worried. I think it is going to be a great year for this company.

Best of luck to you and everyone else that contributes to this thread and I am certain the next few months will be entertaining.

Alex
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