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

To: Mark Johnson who wrote (4682)	11/5/1998 12:02:00 AM
From: wm sharp	Respond to of 27311

Re job adverts in NI: Here's a partial tally for the last 5 months. Just a hunch, but if they hired any of these folks, they probably put them to work doing something. Maintenance & Equipment Technicians, Closing date: 26th June Electronic Engineers, Closing: 14th August Design Engineers Network/PC Technicians Production/Manufacturing Manager, Closing: 17th August Senior Equipment Engineer, Closing: 28th August Mechanical Equipment Technicians Electrical/Electronic Equipment Technicians Machine Shop Technician Industrial Engineer, Closing: 18th September Mechanical Equipment Technicians Electrical/Electronic Equipment Technicians Quality Assurance Manager, Closing: 2 November Production Supervisors, Closing: 13th November Industrial Engineer

To: Mark Johnson who wrote (4682)	11/5/1998 12:29:00 AM
From: Peter Haynes	Read Replies (5) \| Respond to of 27311

The problem with FMK's wisdom is that you can go back to posts from October of last year and see the exact same messages that he is posting today -- overly optimistic profit calculations based on line capacities, analyst visits Real Soon Now, "My sources say...". I skip his messages almost as fast as the ones from the all-caps crowd, and read the more realistic posts. I seem to remember some of the more realistic posts saying that oem testing, if it began in September would run at least until November/December. Then it would take time for them to design and test the products to accept the VLNC battery. I would be overjoyed if the conference call includes contract announcements. I, for one, am still underwater on this stock. I think a more realistic expectation is that they want to explain the quarterly numbers -- which are likely to be ugly. Since they are actually producing batteries in the hundreds per day (maybe thousands), they will have cost of production without any revenue. They will also be carrying the cost to warehouse the batteries until they can make a sale. I think there will be a run up to around $7 before the CC. I expect that the CC will tell us nothing new -- they will reassure us that analysts are coming Real Soon Now, and we're negotiating with oems. Up on rumor, down on news -- back to the $3's. That's my best guess based on the company's past record, and the most realistic sounding estimates of the timeframes involved. Pete