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

To: Pallisard who wrote (8567)	2/19/1999 12:15:00 PM
From: hcirteg	Respond to of 27311

Pallisard- Good to hear from you. I'm loaded on March calls so today's action is non-factor. I would like to see us hold the mid eights. Judging on the reaction to 8 1/4...we seem to be OK. Hey, still have a lot of the day left....and the 1/16 spread says to me that the MM's are "on their toes." We'll see... HC

To: Pallisard who wrote (8567)	2/20/1999 4:41:00 PM
From: MGV	Read Replies (1) \| Respond to of 27311

Piper Jaffray issues Strong Buy rating on MIKL. The PJ analyst estimates that the Kohler plant problem will amount to all of $0.05 in lost earnings. PJ's new estimate for F1999 is $2.00. The analyst acknowledges that this represents a very conservative 10% over F1998. Therefore, there is considerable room for upside in the estimate. The note also confirms that MIKL is trading at an unjustified 50% + discount to its industry peers. Even at a 30% discount the stock would be at $33, based on $2.00 on the bottom line. If the company delivers on the CEO's stated goal of min. 15% annual revenue growth, it would be reasonable to expect multiple expansion from 10x to 18-20x within the next 18-24 months. If so, the math is relatively easy (unless you are a VLNC freak : ] to come up with a $41 to $46 range for MIKL. To deliver, the company must show consistent revenue growth over the next several quarters. Additional upside, according to the note, will come from accretive acquisitions made possible by MIKL's strong balance sheet, solid management, and generally depressed asset values in the food sector.

To: Pallisard who wrote (8567)	2/22/1999 2:57:00 AM
From: Pallisard	Read Replies (2) \| Respond to of 27311

Hello All. Just returned from Little Las Vegas tonite. I was very disappointed to see Vlnc close as far down as 8, expected more of a mid 8 range. As many of you have stated, I don't think the significance of last Thurs PR was comprehended by small investors or analysts looking for sensational news. If there is no new PR this coming week, the price will probably weaken a bit and trade in the 7.5 to 8 range in order to regain momentum. MACD still positive and stochastics barely positive, but just a little PR nudge could do wonders. I'm still enthusiastic and convinced of a not too distant PO. Meanwhile, we have to hurry up and wait. I see I have been soundly VISNICATED in my abscence by the master, himself.