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

To: Larry Brubaker who wrote (9969)	3/28/1999 2:57:00 PM
From: Razorbak	Read Replies (1) \| Respond to of 27311

Good comparison, Larry. <eom>

To: Larry Brubaker who wrote (9969)	3/28/1999 3:08:00 PM
From: Zeev Hed	Read Replies (2) \| Respond to of 27311

Larry, not only is the convertible fixed, but the option for additional convertible debt is at progressively higher levels ($16 and $19 if memory serves). I listened to their conference call, quite impressive. Yet, I do not see how they can execute with their current finances either, at their current burn rate they need some additional financing to stay afloat. If you do a fast "back of the envelop" assessment of their target markets it comes out to more than $5 B annually, yet the company is currently valued at less than $100 MM. I have put this one on my radar screen, quite worth following. Zeev