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Technology Stocks : VALENCE TECHNOLOGY (VLNC)
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To: Luckyman who wrote (115)3/6/1997 10:13:00 AM
From: FMK   of 27311
 
Luckyman, Here's more confirmation that we are on the right track.

I was recently faxed a recomendation from Bishop, Rosen & Co, Members:NY Stock Exchange Dated Feb 25 1997. In fax form I can't paste it here but I will include two paragraphs.

"We are revisiting VLNC as progress moves ahead from the possible to the probable, of manufacturing commercially qualified, rechargeable, lithium polymer battery."

"If success were to be achieved, one could imagine worldwide demand to reach a few billion or so in revenue over a period of years. In our judgement no one organization would be able to satisfy the demand. Thus competition would not be a mitigating factor in appraising stock price valuation, at least in the earlier years."

Regards, FMK
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