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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: Pallisard who wrote (7651)	1/28/1999 4:00:00 PM
From: P. Ramamoorthy	of 27311

Pallisard - Re.:"...inventive crest a few thousand years ago, having been displaced by Europeans..." Clarification - I did not mean to suggest that orientals are not inventive. I believe everyone is equally creative. USA has the infrastructure (several billion dollars of funding) to promote and develop new ideas that may or may not lead to useful inventions. There are thousands of PhD dissertations, universities, national labs, technical journals, societies, and conferences, etc. Europe and other regions can not afford to spend so much (i.e., the risk/reward discourages them). They would rather focus (their funds) on manufacturing by copying those "proven" US inventions - one of the complaints in Barrons' article. Ram

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