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

To: Herb Blair who wrote (16821)	12/8/1999 7:10:00 PM
From: Robert Cohen	Read Replies (1) \| Respond to of 27311

From the Globlastar site: " Phone production: 45-50K by y/e; 40K per month thereafter; mnfctrs can easily double this rate, but won't happen earlier than 3rd qrtr 2000."

To: Herb Blair who wrote (16821)	12/8/1999 10:04:00 PM
From: john t. brice	Read Replies (1) \| Respond to of 27311

Herb: One other factor that we may want to remember is that in 1993 their were significantly fewer shares outstanding. If this were fully factored in we might already be at an all time as far as market cap. As far as your basic thesis, I think you may be right that given the right conditions who knows just where this company might end up being valued. If you had bought Intel ten years ago and they hadn't split it would be priced at over 1200, if you had purchased Nokia three years ago and it had not split it would be selling at nearly 700. I think that if this company is the real deal, given the current investing environment, triple digits is not pie in the sky. duckster