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

To: John Curtis who wrote (13655)	8/12/1999 3:31:00 PM
From: Dennis V.	Respond to of 27311

John, I interpreted the Samsung remark to mean that this Korean co. was not beta testing a Valence/NI product. In fact, I don't recall any post or mail circulating this idea. Speculation has always centered on a Japanese co of some prominence. Hanil is not quite to this stage, but I assume they are nearly ready to submit commercial samples for shop testing. It's possible that pre production samples have already been received.

To: John Curtis who wrote (13655)	8/12/1999 3:48:00 PM
From: Tickertype	Read Replies (1) \| Respond to of 27311

I believe Lev's comments about the $75 - $76 million in sales over the next 12 months referred to their present capability. Actually, I think he said $76 million or more, and I'm sure he is being his usual conservative self. I also got the impression that the arrival of new equipment could substantially increase this figure within the 12 months, but I'll listen again tonight and report what the exact words were. This was the best cc I've heard so far, and I agree, John, he made a real effort not to duck the questions. Thanks Lev, do it again next time! - T -

To: John Curtis who wrote (13655)	8/12/1999 3:49:00 PM
From: Pallisard	Read Replies (2) \| Respond to of 27311

Now that Valence is transitioning to a commercial enterprise as of the end of this quarter, it's more reasonable to talk about earnings/shr and P/E. Extrapolating from the remarks about $76 M in the next 12 months (and I believe he added the word "conservatively") and the IDB funds, Lev must feel comfortable with that figure based on what he has NOW without injecting other possible income into the mix. My guess for earnings by the end of FY 2000 based solely on the $76 would be ~ $1.00/shr. I think this and the sales potential are what interest analysts and institutions the most. A very conservative P/E of 15 would indicate a share price of $15 - there, it's said, as much as I hate to get into this numbers game we've been playing for the past 2 years. If there were any additional surprise income, and I know Lev isn't telling all, that would be frosting. Any other guesses or thoughts about revenue?