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Technology Stocks : VALENCE TECHNOLOGY (VLNC)
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To: FMK who wrote (9286)3/13/1999 11:06:00 PM
From: Larry Brubaker  Read Replies (1) of 27311
 
<<Discount a little more and take $4 per share x a PE of 12.5 (half the market multiple) and a $50 share price is indicated.>>

If that is such a certainty, Fred, it seems a little strange that the market price has declined by 40% since they first unveiled this wonderful scenario to analysts in November.
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