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

To: mooter775 who wrote (2228)	2/17/1998 11:22:00 PM
From: Dennis	Respond to of 27311

The one real tickler was that there was no problem getting financing & that production from NI in the very near future could cover that expense. If so, it would follow that the NI plant is probably ready to do some production but perhaps at a rate less then what they'd like...for one reason or another. As disappointed as some are, it's my opinion that there were enough good things happening now with LD & VLNC that a quarter or two of waiting will still bring tremendous rewards. Dennis

To: mooter775 who wrote (2228)	2/17/1998 11:37:00 PM
From: FMK	Read Replies (1) \| Respond to of 27311

The day's events were also felt here. The strong opening made it feel that it would push through $8 if the conf. call was neutral to positive. I placed a large market order at around 6 7/8 and was executed at 7 9/16 and 7 3/8. It has since taken a while to adjust. I was told of plans to produce simultaneously at Henderson and NI and that recent laminate problems may have been solved. From information I was able to acquire, I believed that four events were likely in the next six weeks, each capable of moving the stock: 1- A contract for cellphone batteries. 2- A contract for laptop batteries. 3- An agreement or joint venture with a larger company. 4- Another contract for the Alliant/Valence joint venture. Todays conf. call had the effect, once again, of resetting the clock - at least for items 1 and 2. I applaud the decision to concentrate production efforts in Henderson. For several years I coordinated engineering, installation and startup of European process equipment in North America. I remember endless frustration over time zones and having to call early in the morning to catch someone in the office. It was rarely productive to call them at home after dinner. I believe the change in management is positive, and have no doubt that the company will succeed. It appears, however, that we add another month or two to the timetable for Red Chip's yearend $18/sh target or Don Wolanchuk's $60-$100 target 12-24 months after last November. Today's volume should serve as a reminder of what can happen when one of the developments (1-4) listed above is announced - There will be better days. Regards, FMK