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Technology Stocks : VALENCE TECHNOLOGY (VLNC)
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To: golden_tee who wrote (11149)5/14/1999 8:49:00 AM
From: John Curtis  Read Replies (1) of 27311
 
Robert: It appears Fujitsu has made a judicious decision based on data not available to us. BUT, corporations typically make these "throw in the towel" decisions based on data they've gleaned which tells them further pursuit of a particular "thang" will merely be throwing good money after bad.

In other words. They taken a look at current market sector developments, compared those developments against their own internal efforts, and decided they're too far behind the curve. Enuf said.

Bottom Line? One of VLNC's "big boy/girl" potential competitors just came up lame in the race. They're one less force to worry about, eh? HEH!

And Zeev, regarding the WHY to VLNC's "anti-gravity" performance these past few months......well.....this, too, is fairly clear. Exercising the rationale that all else being equal, the simplest hypothesis must be true, VLNC is staying afloat simply because the market knows something just might finally be up with them. As such, although it hasn't voted its confidence yet via massive inflows of money and rocketing valuations, it has at least allowed for a positive possibility and is keeping its position intact. This keeps VLNC stable and in a ~1.5 point range.

Now.....about those p.o.'s....

John~
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