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

To: add who wrote (3544)	7/31/1998 12:02:00 PM
From: FMK	Read Replies (2) \| Respond to of 27311

add, Here are some thoughts regarding production ramp up. 1-The company identified and solved a laminate problem, that caused so much concern, many months ago. 2-The company repeatedly indicated that they did not consider financing a problem. They have recently announced a package with favorable terms and minimum dilution. 3-They did not prematurely accept a contract, as did ULBI. They appear instead to be taking extra measures to first by sure they can deliver, including extensive testing programs both in-house and by potential customers. 4-I understand that the previous technology that was released for customer testing around May '98 ( the date on the recent website spec sheet) was reported to have exceeded customer specs. 5-It was reported that the individual machines had been run at high volume weeks ago with good results and that they are now being run as coordinated units in Northern Ireland. 6-Having placed three additional assembly lines on order for October delivery implies that they are confident with their ability to mass produce. 7-Production samples of the higher-performance technology have been out for several weeks. I find it likely that some of these customers have tested long enough to place orders soon. 8-IMHO yields are now well above a profitable level- perhaps exceeding the 80-90% range. 9-I am reminded of Lev Dawson having put up his 900k plus shares as collateral to acquire another 900k plus shares at 5 1/16. I am sure he had the best information possible for making that decision. I have elected to remain fully invested and believe we are now getting very close to seeing results we have been waiting such a very long time for.