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Technology Stocks : VALENCE TECHNOLOGY (VLNC) -- Ignore unavailable to you. Want to Upgrade?

To: John Curtis who wrote (13260)	7/22/1999 11:41:00 AM
From: Gordon Quickstad	Respond to of 27311

I'm out as of this morning. I was satisfied back at the time of the shareholder's meeting with technical progress and with hiring reports that things were on track for continuing good news. The Eveready deal doesn't look possible now and manufacturers are not telegraphing that polymer batteries are the next huge wave - just a few products here and there. There are more manufacturers of Polymer batteries than there are products that have been announced that are going to use them. These manufacturers are not letting on as to what relationships will be formed. Not being a mystic I can't afford the increased risk going forward at this time. Nothing looks eminent. There doesn't seem to be a landslide in the direction of this technology, perhaps a little continental drift. I wait until I see the whites of their eyes. Gordon