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

To: Dennis V. who wrote (5525)	11/23/1998 10:38:00 AM
From: FMK	Read Replies (2) \| Respond to of 27311

Valence profits from Hanil Valence's portion should be roughly 1 mln batt/mo x $10/batt x 12 mo/yr x 40% profit x 50% Valence share of profit. This equals about $24 million profit for Valence or about 80 cents per share. We know it will take a while for this income to show up, but add this to Alliant/Valence income and you have an easy $1 per share not including Valence's own production or royalties from license agreements that may be in the works. This should make us all feel better and IMO justifies my reduction in estimated chances of failure to near zero.