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

To: FMK who wrote (1356)	11/13/1997 9:42:00 AM
From: AlexSun	Read Replies (2) \| Respond to of 27311

As always, there are two ways of reading the conference call: with the optimistic eye, and with the pessimistic one. I try to be neutral, though it is difficult for me as I am heavily invested in Valence. Reading between the lines, I don't see that we have to expect a big announcement very soon. The fact that the samples that OEMs are testing are not from the plant in ireland means that, before entering into firm contracts, they have to test production samples, and they have yet to start doing this. If they are satisfied with the result of present testing, they could enter into a contract subject to due diligenge, just to fix the price and guarantee to have product available. An announcement of a similar contract could drive the price higher for a while, but nothing will be stable until we have firm contracts and shipments begin. IMO, we should expect a few more months of ups and downs, maybe with higher peaks and valleys. This is just a personal opinion. Good luck and don't give up. Alex