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

To: Tickertype who wrote (1828)	12/29/1997 1:33:00 AM
From: R. Martenson	Respond to of 27311

What a deal at this price...I am back in. WOW, I've been out of VLNC for a awhile, dabbled in some other ventures, and came back to see how old VLNC is doing. IMHO ( assuming production and revenue pick up next quarter )... this is a steal at this price. The last month has been a disaster in the tech stocks. Look at Compaq and Dell...both down big bucks. It those monster can't hold up...VLNC can't either...but dollars to donuts...which stock has more upside surprise potential. Everyone follows DELL and Compaq, who follows VLNC. At this price...the news will hit like a sledge hammer at the state fair, wacking the big bell. The only news that will move this stock is GOOD news... and good news will make it explode. Bad news/delays are so passe', it doesn't even register anymore. Strickly gut feel, emotional, general impression...stuff...but they way prices across the market have moved of late, tech and fundamentals don't seem to make much sense either. A Happy Happy Happy New Year to all VLNC'ers.

To: Tickertype who wrote (1828)	12/29/1997 10:03:00 AM
From: FMK	Read Replies (3) \| Respond to of 27311

T, It is my understanding that line 3 (the 2nd high-speed line) remains allocated for NI and the 3rd high-speed line for Hanil. I beleive you are correct that the decision is related to available cash which, last I heard, should keep them going thru March. Another way to look at the disparity with ULBI pricing is that Valence's first 3 lines have twice the solid polymer cabability per share. If ULBI is fairly valued at $17 and this was based entirely entirely on their solid polymer potential, then Valence would be fairly valued at $34 when contracts are in place! We know, of course, that ULBI has had revenues from non-rechargeables for a long time, but Valence has revenues from GM and will have revenue from joint ventures! Best Regards, FMK