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

To: Mark Johnson who wrote (4406)	10/14/1998 1:48:00 PM
From: mooter775	Read Replies (1) \| Respond to of 27311

They wouldn't be ready unless they felt that line 1, their initial laptop line, was fully automated and humming along nicely.

To: Mark Johnson who wrote (4406)	10/14/1998 9:45:00 PM
From: wm sharp	Read Replies (1) \| Respond to of 27311

I too received a very upbeat assessment from FRB in recent days. They toured the Henderson plant with Lev and report a very positive, energetic atmosphere. Morale is high, employees have a very good rapport with Dawson, and they were eager to discuss the general nature of their research and testing technology and it's importance to future generations of the battery. I get the impression that this company has a keen eye on the FUTURE, and feel this strong R&D emphasis, as reported by FRB, should reassure potential customers. Lev Dawson made it clear in the August conference call that they had never cut back on R&D, had some "revolutionary" patents in the works for this quarter, and would be making improvements to the existing technology on a regular basis. As reported by Mark, FRB also confirmed that analyst visits to NI are being scheduled, and also that analyst interest is strong.