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

To: Dennis V. who wrote (20709)	7/31/2000 1:12:44 PM
From: MGV	Read Replies (1) \| Respond to of 27311

There is nothing "knee-jerk" about NOK competitive pricing. They are introducing new phones in time for Q4 and are marking down their existing phones in view of seasonal weakness in demand in Europe. Over time ASPs for handsets are expected to increase as functionality becomes more robust. The trend for the next Q is to lower ASPs. Your underestimation of NOK management is consistent with your analytical track record. Your ignorance is no longer surprising.