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

To: Pallisard who wrote (4777)	11/9/1998 9:36:00 PM
From: I. N. Vester	Read Replies (1) \| Respond to of 27311

Pallisard, my take is that Roberts believes that the options will be worth a great deal. If the projected earnings per production line are anything like FMK and others have projected, and the lines are running, and contracts with buyers are in the works, then an $18 price (this was the 'best guess fair value' per the old Red Chip review analyst published about 12 months ago), is quite reasonable. If the price goes to $18, then Roberts will be up a cool million. Seems like damn good motivation to me! I don't expect there is any or much cash payment to directors, which is why i believe Roberts believes he's getting in on the ground floor of something which could be a big success within the next year or so. As you say, he probably has many opportunities and so is only likely to accept those which are particularly promising.