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

To: Chisy who wrote (9510)	3/19/1999 1:50:00 AM
From: Tickertype	Read Replies (2) \| Respond to of 27311

Some of Don W's comments about electric vehicles, from the StockHouse interview on 3/18/99: Wolanchuk: The rally will continue through your lifetime until oil gets so expensive that you can't drive your cars anymore. You'll have to go out and buy the replacement cars, and those are electric cars. Remember thirty years ago, you could drive a racecar on the street and have a drag race from any stop light. You can't do that today. The streets are too crowded. And what's everybody driving? They're driving these gas-guzzler-yuppie-assault vehicles. And Ford's building one: it's 4 tons and 9 yards long. And they are getting bigger and bigger and bigger. The economy is just going into this eruption. Everybody has a fleet of cars and SUVs and all kinds of things. Gas is cheap, but it's going to get more expensive. Eventually the cycle will complete itself and react. Instead of having itty-bitty little cars, we're going to have an army of monstrous gas-guzzlers. The end result will be a switch to electric powered transportation. And that's why GM through Delphi spent millions with Valence Technology [NASDAQ - VLNC] in research and development in getting the next generation battery technology ready for General Motors' big plunge into electric vehicles. And that's why Valence Technology is the buy of a lifetime. They've got the next generation battery technology all wrapped up. This tells me that there's something bigger afloat than what meets the public eye. It's public knowledge that Delphi put a lot of money into Valence, but they all forget about that. California leads the country in changing the environment by having everybody driving electric vehicles in the years ahead, and it's just going to happen. The whole world is going to be swamped by these huge gas-guzzlers. It's happening before our very eyes. I live in a city (and) you can't even move it's so crowded. Twenty years ago I could drive my race car and go drag racing on the street, and now I've got to wait until 3 in the morning to do it. Then end result should be a massive move to efficient electric vehicles. - T -