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Strategies & Market Trends : Steve's Channelling Thread

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To: Zeev Hed who wrote (2737)	6/24/2000 10:34:00 AM
From: Mark Johnson	Read Replies (2) of 30051

Zeev and Tim thanks for the civil responses....Tim you didn't directly refer to me as a fool....and Zeev you didn't call me a slanderer..... Tim, in regards to Valence's move to $11 and it's slip to $4 had less to do with their floorless deal than Valence not having a product to deliver in the marketplace....Valence had a similar move a year or so earlier before their affiliation with Castle Creek.....Valence had really been stuck in a trading range between $4 and $8 a share for years....Zeev did educate the thread in the perils of floorless deals....but he never gave credence to the directors and management at Valence and the reasons they went with the Castle Creek deal and the dynamics of the production delays.....Zeev instead, relentlessly and intensely focused on this one aspect of the Valence story (the floorless) while dismissing the important aspects of the technology Valence had to offer....Valence's directors, Billionaire Carl Berg, Seagate founder and computer disk drive inventor Alan Shugart and MCI/Worldcoms Bert Roberts had their plan in place....had Zeev had any genuine interest in the real direction Valence was taking he would have contacted the company, interviewed directors and management and educated himself on the facts (remember the famous statement that he rarely talks to management.....that talking to management affects his "rational deliberations").....again Zeev tried to obfuscate the equally important issues and chose to focus primarily on the Castle Creek financing.... It's interesting to see Zeev's turn around after Valence started to gain market acknowledgement....calling for a $50 stock price in May..... Zeev's calls and predictions for Valence have been inaccurate at best....(no wonder he has me on ignore) Regards, MJ

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