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

To: wm sharp who wrote (4356)	10/6/1998 8:25:00 PM
From: jean1057	Respond to of 27311

yahoo showed an interesting move to 5$.- MAYBE THEY ARE PSYCHIC<EOM>

To: wm sharp who wrote (4356)	10/6/1998 8:35:00 PM
From: Tmoore	Respond to of 27311

Here's a interesting article: October 6, 1998 (TAIPEI) -- Pacific Electric Wire & Cable Corp. will invest NT$1.2 billion (US$35 million) together with the Evergreen Group and other companies to produce lithium batteries for notebook PCs and GSM mobile phones. The companies hope to meet the strong demand for lithium batteries. Their plant, which will begin operations in 2000, will produce about 1 million notebook PC batteries and 600,000 mobile phone batteries a month. Also, Pacific Wire & Cable plans to develop lithium batteries for electric cars and electric motorcycles. Other major shareholders include Continental Engineering Corp., Allis Electric Co., Ltd., Accton Technology Corp., and Industrial Technology Investment Corp., an affiliate of the Industrial Technology Research Institute (ITRI). Researchers at ITRI said that the institute developed the necessary technology in 1995. Pacific Wire & Cable, ITRI's partner in the private sector, will help commercialize the technology, which is expected to reduce Taiwan's dependence on Japanese imports of such batteries. About 90 percent of the lithium batteries used by Taiwanese notebook PC makers are imported from Japan, and annual imports of those batteries exceed US$100 million. Due to the rapid growth of the global market for notebook PCs and GSM mobile phones, demand for the Taiwan-made high-output lithium batteries is expected to be brisk. (Commercial Times, Taiwan)