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

To: I. N. Vester who wrote (15939)	11/11/1999 12:52:00 PM
From: Larry Brubaker	Read Replies (3) \| Respond to of 27311

<<At this point only those who understand how much CC has caused the price to be suppressed are in a position to understand what a fantastic entry point this is.>> Personally, I think the stock is more than fairly valued. At $6 per share, its fully diluted market cap is well north of $200 million. Compared to $.5 million in sales (plus a $2 million order), a run rate capacity that will not reach $75 - $80 million for a year, and continued uncertainty over how quickly they can ramp up production. And still negative working capital. Obviously there is evidence of progress, but I still consider this stock to be extremely speculative at this price.