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

To: Bill Holton who wrote (3299)	7/9/1998 4:59:00 PM
From: John Curtis	1 Recommendation Respond to of 27311

I got in, albeit in a remote manner. I also had to listen to it in an annoying manner, ie., network congestion drop outs prevented me from listening to all of the discussion, but I caught most of it. A parenthetical aside, the technological application is intriguing, and once the network backbone, not to mention access, speed's are sufficiently robust....welll...I can see where the technology is going..... Anyway, Don W. came on about 4:30est. He started off in a salesy fashion, talking about his letter, etc.. There was a brief history rendered about his 9000 market call which originated in 1991. He then went on the talk about 2 "hot" stock prospects. 1. WAVC: This one interests me. Their marketing a ultra-high speed modem, wireless, for internet access. 2. VLNC: He went on to describe that which we all know. He's all excited about this company. He expect's VLNC to be the prime contractor for GM. He's visited the plant, see's some "seriouse business going on there," and he believes there's some major financing pending which won't dilute the stock. Also, he said, there are contracts pending. He then gave a brief history of VLNC, including it's period of "falling from grace." He described the batteries he's seen as "fantastic, paper-size, etc.." One of the interviewer's said they found VLNC interesting, and other's must too. He stated it look's like Smith Barney has/had a 10K bid @ $4 3/4. Someone called in from California to ask a question. It was question about VLNC financing. "Will it be delutive?" Don W.'s comment was, "I don't think it will, based on information he's been made privy to, but even if it was it would pale in comparison to the potential earnings." Question -- What is Don's impression of L.D.? Don W. -- L.D. He has done well in cleaning house and the company morale is quite high. He closed the VLNC conversation with the usual "speculative issue" statements, He then went on to talk about other aspects of the market, his memory's about Joe Granville, etc.. That was about it. ------ As always, my apologies for any/all typo's, mis-transcripting of comment's given, etc.. Regards! John~