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

To: Dennis V. who wrote (7145)	1/16/1999 3:45:00 PM
From: MHS	Read Replies (2) \| Respond to of 27311

This was also on Yahoo -- Any comments or thoughts? mhs what about those 11,000 puts bought friday by: muellerjk 8413 of 8413 I follow this stock and trade options from time to time but I don't understand why someone would buy 5731 jan 10 puts and 5731 jan 12.5 puts. Maybe this person was able to get a huge short position without someone seeing them. it might be a mistake but that is like a million shares short in one transaction.

To: Dennis V. who wrote (7145)	1/16/1999 8:37:00 PM
From: P. Ramamoorthy	Respond to of 27311

Dennis - There are many hand-held analytical instruments in the field maintenance service in manufacturing plants, (like Fluke, etc.). Analytical instrument divisions of companies like Hewlett-Packard are working with smaller companies on the miniaturization of analytical devices. Call it "lab on the chip". Some of them are finding use in biochemical analysis where sample sizes are very small and the chip provides a separation factor equivalent to 1000's of theoretical plates. Field devices need to be UL certified. These are potential markets that can bear higher battery prices. Ram