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Technology Stocks : VALENCE TECHNOLOGY (VLNC)
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To: Alex Fleming who wrote (43)1/30/1997 2:28:00 PM
From: FMK   of 27311
 
Alex, your feedback re my conservative estimate was well received.

If 4 lines are in operation by yearend with 24 hr production, with a 50% mix of laptop and cellphone batteries, it would seem that share price would be $20 with a P/E of 3! For 8hr shifts, a P/E of 9!

Are these numbers more in line with your estimate?

Thanks & Regards
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