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

To: Pallisard who wrote (17224)	12/23/1999 3:11:00 PM
From: Zeev Hed	Read Replies (3) \| Respond to of 27311

Pallisard, I do not know if $50 is so "impossible", my own target is closer to the $30 to $40 for next year. In any event, for the very short term, I just stepped aside on this morning flurry, and this not so much because of any "impending big danger", I do not see any, but I'll be on a two weeks vacation starting next week without access to the market, and VLNC volatility is high enough to have a non zero probability of a major retrenchment in February, I'll be looking at a reentry sometime in the next 4 to 8 weeks. Of course, I may have to pay more than what I sold for, but that is not unusual for me. Good luck to all and happy holidays. Zeev

To: Pallisard who wrote (17224)	12/23/1999 5:55:00 PM
From: Eli74	Read Replies (1) \| Respond to of 27311

The general chatter regarding Qualcom's sale that I read today basically was in agreement that it was a smart strategic move, enabling QCOM to concentrate on its chip business, rather than being spread too thin in cellular telephones per se. I don't know very much about QCOM, but it seems they're the market's darlings more because of their chips, and the CDMA protocol than because of their phones. Be that as it may, apparently the thinking is that the Korean firm that is buying the handset business will be better able to gain market share in Asian markets than QCOM would. And the ultimate goal is is to expand market share for the CDMA protocol because it is better able to handle data than the competing protocols. If anything, I would regard this sale as potentially bullish for VLNC in that it gets greater exposure for its product through the buyer of the QCOM division. Just a thought.