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

To: Dennis V. who wrote (5917)	12/12/1998 11:44:00 AM
From: HQ	Respond to of 27311

Yes, thanks for the good news from the man himself. Between this, and the report from FRB that Lev wants a combination CFO/COO, and that Ms. Truax said we 'would be well pleased with the selection,' we have reason to get excited again soon. I was a little disappointed to hear from the posting re: FRB that OEMs would only be getting samples the first of the year. I want to believe that is meant to refer to samples from the second (cellphone) line, but I think it may well refer to the first line, which though it is now running 'at high speed,' is still undergoing 'fine-tuning.' I don't mind the fine-tuning, if it means they can run the machinery at full-tilt 20 hours a day with confidence. Given the one-month quarantine, it may have been optimistic to think they were stockpiling samples to begin quarantine around the time of the CC, which I thought to be a reasonable guesstimate. (i.e., all samples may not be considered 'equal,' if OEMs want samples from high-speed runs for their final tests, before they sign on for large quantities; also if VLNC wanted to continue testing samples from the high-speed runs before they would ship). In this case, contracts may be end of January at the earliest. But that wouldn't necessarily mean the shorts could have their way, because if VLNC can say definitively that the final samples are out, then it could be tricky for someone to play the short game in the face of a pending ramp in the stock price. It's gonna be exciting, all around, that's for sure! However, we'll need Lev (and his new CFO/COO?!) to explain the financial status very clearly to us, during the shareholders meeting. Thanks again all, for the reasons for optimism!