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

To: Raven McCloud who wrote (2914)	5/20/1998 10:11:00 AM
From: kolo55	Respond to of 27311

This means that a contract announcement is probably next. Wow, can't say I expected this press release this morning. (Has anyone confirmed it yet, I can't find it?) I thought the conference call would simply talk about shifting resources from Delphi's work to focus on mass production of Valence's battery for the laptop and cellphone markets. The work for Delphi only generated a million or so revenues per year, and probably is eating up the time of 10 or more professionals, so getting this human resource shifted to the main biz, when cash is getting tight makes a lot of sense. But saying that the batteries meet all specs in negotiations with potential customers, means to me that we will have contract announcements before the end of June. I have a huge position in this stock, and suspect we will see 10 before then. I also thank Fred for all the work he has done and shared with us. Paul