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

To: webpilot who wrote (1835)	12/30/1997 10:21:00 AM
From: Cathi Wierzbicki	Read Replies (1) \| Respond to of 27311

I'm sure FMK will answer your questions; but I thought I would share a part of a conversation I had with David Archibald (CFO) on that subject about 8 months ago. I couldn't understand why they would have up to 4 production lines on order when they hadn't even determined that one would work yet. I suggested to Mr. Archibald that was risky. He agreed that it was. But, explained that the lead time on these lines was up to 18 mo., so it was imperative that they order them early. Also informed me that at that time it had not yet been determined where line 3 and 4 would be sent. Said if they determined there was no need for those lines in Northern Ireland they would be sent to Korea. Cathi

To: webpilot who wrote (1835)	12/30/1997 12:29:00 PM
From: jean1057	Respond to of 27311

I do not think that there are no customers yet... rather think they have many customers ready to order..but are not allowed to mention any names yet..to avoid an embarrassment like the one in 93 with motorola..they would not build any production lines without having them already sold.... If the production is fool proved..we will see the companies that lined up for many month now.. be sure we will see the winner soon..6 - 12 month... and if they are sure (appearantly they are) about the production, I agree that they should line up productions..as many as they can..they want this battery to become an industrial standard...and you can only achieve that if you can supply a significant number of market players.. they seem to think big..and thats what they should do.. happy New Year everybody.. I have been holding this stock for many years and just added 4000 more last week....don't despair..sometimes it takes a bit longer to become a millionaire...