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

To: Pronichev who wrote (6263)	12/23/1998 1:53:00 PM
From: FMK	Respond to of 27311

Pronichev- You will find Jerry's name on these last two, as well as several other recent patents. I understand it was Jerry's discovery that helped raise performance to its current level, far exceeding OEM specs and requirements. I believe this is why we heard $2.50 per watt hour mentioned during the last conference call. As you may be aware, conservative FMK had been estimating $1.65 sales price per watt hour! If profits are affected accordingly, the 30mln shares I have been using recently could be increased to 30 x 2.50/1.65 or 45 mln shares to be equivalent to the $1.65 per watt hour profits. What does this say about all the recent worries regarding finance terms?