VALENCE TECHNOLOGY (VLNC) Message Board

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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: Mark Johnson who wrote (13370)	7/24/1999 2:12:00 AM
From: Larry Brubaker	Read Replies (1) of 27311

Mark, have you heard of NOVL or AOL? One of SCUR's directors is former CEO of NOVL and current board member of AOL. Additionally, SCUR's annual report (released on 3/31 in the middle of the big slide from $22 to $2.25) indicated that SCUR revenue increased from $47 million to $61.4 million, net loss declined substantially, and working capital was $34 million. Compare to VLNC with $0 revenue, an $8 million working capital deficit, and increasing losses. In light of the above, your suggestion that VLNC having a celebrity board member will somehow save them from the typical fate of floorless financing seems a tad naive.

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