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

To: MHS who wrote (17228)	12/23/1999 4:06:00 PM
From: Dennis V.	Read Replies (1) \| Respond to of 27311

I don't see the "internet" analogy. I see this as a maker of a revolutionary product, like high speed Germanium semi conductors. Situations like that, say, like Vitesse, can carry a PE of 50-100 forward if their business plan unfolds in a systematic way. That's a big "if" and all manner of things, like competition and contracts, can cause volatility; IMO, that's basically the way it could be rationalized by the market. Internet stocks are out there, wacky and futuristic. Not to say there isn't real promise for profits, it's just a little further out than Valence. I agree though, that over the short term, there will some similarities in appearance. Valence will be valued on expectations, revenues, then profits. All the while, it should carry a larger than average market cap related to the usual measures.