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

To: wm sharp who wrote (1283)	11/7/1997 7:37:00 AM
From: Paul Dubsky	Respond to of 27311

Thanks. Re: Closing action. I agree. It seems that someone is playing with the price to pick up as many as they can at these "low" prices. Afterall, Valence has a market cap of "only" $185 million. Granted, that's a lot for a firm with no revenues. BUT, assuming we get commericalization of the next generation battery technology out of VLNC, $185million will be speck in the road! Actually, $185 million is less than the potential value of a OEM contract! Placing a 3 - 5 PSR on VLNC would put the market cap between $600M to $1B, with $200M in revenues. Now granted, I lumped all revenues in one year and assumed it would happen overnight. But, I wanted to make the point that VLNC does have tremendous upside potential. Today's trading should be interesting to watch, if I only had the time.