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

To: Chisy who wrote (18303)	2/15/2000 1:07:00 AM
From: Emmo	Read Replies (2) \| Respond to of 27311

Only news I look for is a license deal. Odd that there is no news out of Korea lately.

To: Chisy who wrote (18303)	2/15/2000 7:02:00 AM
From: Peter O.	Respond to of 27311

Re CIBC $50 Target:This response on Yahoo board: Looks like real deal...as the Ameritrade commercial says..."Rock On!!!" Lets wait and see. Peter -------------------------- CIBC Price Target by: pearly_baker_1 (49/Haight Ashbury) 2/15/00 5:06 am Msg: 21613 of 21613 CIBC analyst Dale Pfau did, in fact, increase the price target for VLNC from 40 to 50 in a report dated 11th Feb 2000. Here is the quote from the report. "We continue to rate the shares of Valence Technology a Strong Buy with a revised 12 month target of $50 per share, up from our prior price of $40 per share. We expect the share price to be event driven until production revenues begin in the June quarter. However, investors are becoming interested in the long term story and with positive results we expect the shares could move well beyond our price target." Estimates were unchanged, with profitability projected for FY02 ($0.31/share). Hope this helps. pearly