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

To: FMK who wrote (2313)	2/23/1998 12:31:00 AM
From: Tickertype	Read Replies (1) \| Respond to of 27311

One more comment on the Red Chip position. I haven't seen an actual copy, but the reasons cited by the Yahoo poster don't appear to contain anything new. CEO change, delays, losses, and financing needs - is this anything everyone hasn't been aware of for some time now? The delay, maybe, but Q1 isn't over yet. They apparently also don't like the fact that the stock price is the same as it was back in 1996. However, it's not likely that the stock would appreciate dramatically until contractual sales are announced, and I believe the company's position has been not to enter into contracts until volume production is a reality. The Red Chip comments don't appear to conflict much with the ability of the company to ultimately succeed, but do make the point that the stock still carries considerable risk. - T -