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

To: jean1057 who wrote (11457)	5/26/1999 5:36:00 PM
From: Zeev Hed	Read Replies (1) \| Respond to of 27311

Jean, if each meter is selling for more than $250/meter, yes that should qualify them to draw from the ID (unless their agreement call for finished batteries), if they get paid, and I see no reason why they should not get paid. I think that $250/meter for the laminates only might be on the high side. How many batteries can one make from a "meter" (I presume this is the length and there are few batteries fitting within one width?). As for issuing a news release or not on shipment to Hamil, I view it as if Delphi issued a news release on shipping some goods to GM. This is not what the market expected, IMHO. Zeev