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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: Pronichev who wrote (7362)	1/23/1999 8:55:00 AM
From: Herb Blair	Read Replies (1) of 27311

Here is the site interactive.wsj.com@2.cgi?BONI/text/barrons/data/SB917061973146207500.djm/&NVP=&template=barrons-news-search.tmpl&form=barrons-news-search.html&dbname=barrons/index&words=lithium&any-all=AND&maxitems=30&HI= Valence, whose shares now trade around $7.50 apiece, has racked up $133 million in losses since its founding a decade ago by Lev Dawson, an entrepreneur who has since diversified into sweet-potato farming. In an interview, Dawson recently predicted that his "highly automated" plant near Belfast, Northern Ireland, would be shipping commercial volumes of batteries in two quarters. If so, that would represent rather amazing progress. Valence's last quarterly statement, filed in August, states that the company's test batteries couldn't meet market specifications and that it had no product for sale. (A spokesman for the Northern Ireland Industrial Development Board, which has agreed to help finance the plant's operations if its revenue growth meets a specific schedule, wouldn't comment on the plant's status.)

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