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

To: Richard C. Reardon who wrote (1228)	10/31/1997 9:25:00 AM
From: mooter775	Respond to of 27311

I understand that the batteries from line 2 have now passed the 40-45 days time period in which the batteries from line showed substantial deterioration and have not as yet showed any sign of deterioration at all. This is a solid plus and I would be quite surprised if OEMs did not have battery samples for testing. Line 2 is still apparently operating somewhere in the range of 50-60% of the 8 mm units/year capacity, so the task continues to be: (1) continuing to ramp up line 2 over the coming months to the 8 mm per annum rate; (2) continuing to work on line 1, which I understand is improving but not quite where line 2 is yet, and (3) scheduling production and contract commitments for the coming year. I'd be quite surprised if the company didn't annnounce one or more OEM contracts by year end.