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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (2618)	6/21/2000 9:01:00 PM
From: Mark Johnson	Respond to of 30051

Zeev,regarding VLNC you said: <<<If good news about shipments and profits were imminent, the market would have smelled it before>>> Sorry that wasn't the case on Valence's recent foray to $40 and that's not the case now......News that is "imminent" is of course the infusion of IDB monies from somewhere between $5 to $30 million, I believe. That should signal to the market Valence's viability.... Tim Lamb had a good point in saying he would wait for news before jumping in again....Lev said during the last CC that a large laptop OEM was asking some serious questions about supply.....Lev responded he was ready to deliver.....Now if and when Valence gets a contract from a Dell, Apple, Toshiba, Acer etc.etc.....I would suppose we'd get quite a gap up....7 to 10 points?????maybe??? and a quick ride to $40....Qualcomm has already given their stamp of approval, it's a good bet other OEM's will follow... Regards, MJ