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Technology Stocks : VALENCE TECHNOLOGY (VLNC)
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To: Greg Smith who wrote (12538)6/30/1999 11:50:00 AM
From: FMK  Read Replies (1) of 27311
 
Greg, Thanks for pointing out this anomaly. "...the Company expects that customers will require an extensive qualification period once the customer receives its first commercial product off a production line. As of June 11, 1999, the Company has not provided any such commercial product to any potential customer, and therefore, has not started any formal product qualification period."

It's good to know that in spite of this, they have accepted purchase orders and are producing laptop size batteries for Alliant technology as we post. It appears to be another CYA statement by the attorneys. By making such statements that lead readers of a required SEC document expect nothing, the attorneys have done their job by removing any likelihood that readers could find ammunition for a lawsuit. Its a fact of life. If you look at their development stage filings, you should be able find such statements in SEC documents of thousands of successful companies.
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