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

To: FMK who wrote (2273)	2/20/1998 10:21:00 AM
From: ken carney	Respond to of 27311

FMK & L brubaker...I think you are both right...what will happen to this stock if there is a nasty correction in the market...with all the negatives out there this could easily happen....it seems for now that 5.5 is the top range so it could only go down short term...it looks to be inching down, how far I dont know but the stock seems to be in stronger hands so I suspect not too far....having said this I think we could easily see the 4s again when I will enter once again....aprreciate all your posts

To: FMK who wrote (2273)	2/20/1998 10:50:00 AM
From: Larry Brubaker	Respond to of 27311

FMK: I hope you are right about how close they are to production. Something I am wondering about is how accurate the production capacity figures we have been working with will turn out to be. They were based on the capacity of the various production lines. Now, LD tells us that "production lines" is a misconception, and didn't seem to want to stand behind statements previously made by Cal Reed. With the move of "redundant" equipment to Henderson, Lev's reference to "production lines" as a misnomer, and Lev's disavowal of claims made by CR, I guess my biggest question is what is the ultimate production capacity of the equipment they now have installed in NI and in Henderson, and/or equipment that is now on order? As far as the near term stock price, it probably depends on the actions of some of the several money managers who were asking questions at the CC. None of them sounded very happy. On the other hand, they may not be anxious to sell at current levels either.