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

To: John Curtis who wrote (11585)	5/31/1999 11:06:00 AM
From: William Epstein	Read Replies (3) \| Respond to of 27311

Mark Johnson; Reference my post #11532. With reference to your item #2 I never made that point. I don't believe that either. The Korean market is a major market for electronics and the word would get out fast. I am grateful for you forecast. It's better than listening to weather forecasts. On the whole I agree with many of the things you mention but I wish it were that simple. Maybe, it is? Harley, huh? Low tech stuff. A hammer and a crescent wrench. Lots of oil puddles. Noisy and sloppy handling too. Lousy gas mileage and lots of maintenance. Tendency to flop over if you get out of balance standing still. Looks like a dead whale on it's side. Big bike, small dick? ENJOY! PHOTOMAN

To: John Curtis who wrote (11585)	5/31/1999 12:11:00 PM
From: Rich Wolf	Respond to of 27311

Concur about your potential timeline. Would also note that since the NI visitors verified that they had just 'cleared up' a final bottleneck at the back end, the NI plant has been capable of producing in volume since early/mid-May. Factor in a two-week quarantine, and the whole sequence of shipping by V, inspection by OEMs etc, and you get to end of June, give or take. Predictions of earlier possible production were based on incomplete information re: current state of 'balance' of the facility, which we now know led to premature anticipation of shipments. So the clock has only started recently, not back in March as we thought it might have. Looking forward to a much higher shareprice come end of summer. I think those who estimate '$12+' in 12-month timeframe woefully underestimate a number of factors. I see it as three times that price by next summer, esp. since momentum investors and large investment houses will have jumped on the stock. Must use 30 or 40x a forward P/E from next summer, as what the market may do to the price at that time, if you want to 'guess' where we'll be. And as far as net margins, we'll have to agree to disagree until we see the Dec quarter's balance sheet (since they should have been running 24 hrs/day for a full quarter by then). I would note that some on this board who have appeared out of nowhere are suddenly being very aggressive in trying to talk down people's expectations. The key beneficiaries of convincing people to dump their shares when first the stock spikes up past $12 are those who need to cover their short position, and fear a ramp to the $20 price range (which all here would probably agree would be forward-looking, yet that's what the market does, and that's what the stock price could well do). BTW, have a good ride, John!