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

To: Robert Cohen who wrote (9453)	3/16/1999 5:22:00 PM
From: Zeev Hed	Respond to of 27311

Robert, there are only 256 of the March 5 calls left, thus we must assume that another 300 or so contracts were called, but it seems most of these must have been written against inventory since there was no rush to replace the equivalent 30,000 shares. If they continue this way, the maximum pain theory will not even require a dip to maximize the pains, for a change the holders of the calls are not waiting until the last moment to call their chips in. Zeev

To: Robert Cohen who wrote (9453)	3/16/1999 7:49:00 PM
From: Gordon Quickstad	Respond to of 27311

>> world's smallest lithium reserve battery << these are of standard lithium battery chemistry something like we use in our wristwatches and on motherboards for the time-of-day clock. They are well known for long shelf life and high energy. ULBI is having great success with their 9v battery of similar chemistry for smoke alarms. The chemistry offers advantages that make them suitable for munitions.