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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: Larry Brubaker who wrote (12641)	7/1/1999 10:24:00 PM
From: Rich Wolf	Read Replies (2) of 27311

Ha! You're right, Larry, what do you know? We saw a fully operational line 2 in the video back in February, and all the processes from front to end are fully-automated. No redesign for the laminator or assembler required at that time. Maybe they rearranged some wires in a testing oven or something, eh? That would fully account for a 'not yet completed' statement, but it would NOT be representative of the status or capability. Both the NI visitors in May reported the third line being operated and debugged at the time. Line 2 was putting out cells at the time, who knows for who? Now we know: they put out cells using the new materials, which after testing and quarantine (conservative 4 weeks) were shipped out to customers PRIOR to the SEC filing date! Gee, what do you make of that? There's a lot of machinery there, and roughly 20 operational steps to make a completed cell. I promise you'll continue to see all those disclaimers until they cease to make even the most minor modifications to any of those steps. Once again, you've confused yourself looking in the rearview mirror while the train moves forward along the track.

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