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

To: Peter Haynes who wrote (3931)	8/24/1998 8:32:00 PM
From: FMK	Read Replies (1) \| Respond to of 27311

Re: The timetable I must admit that my timetable is an educated guess. I received some feedback that production in So. Korea will more likely be early '99. One element that seems to be falling in place is timing for analyst visits. I was recently told that a commitment has been made for a visit no later than the 3rd week of October. My late Sept-Early Oct suggestion may then be only slightly optimistic. The company has already indicated that line 1 has turned out good batteries at a rate of 3000 per day. Assembly lines 2 and 3 are believed thoroughly tested and debugged at the manufacturers facility and are scheduled to arrive in NI by Sept 21. By early to mid October there should be three assembly lines in operation for the analysts to see. With between 15 to 20 OEM's testing, some for many months, we should not rule out a contract announcement in these next days or weeks.