VALENCE TECHNOLOGY (VLNC) Message Board

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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: Chisy who wrote (20242)	6/24/2000 5:44:00 PM
From: The Vet	Read Replies (1) of 27311

I took off of Thursday for a 3 day dive trip and arrived back to see 100+ posts on the VLNC board and a price significantly higher than it was on Wednesday. Markie is bleating on as usual with "no news..no news" as if that means something, but while I have no evidence my WAG is that we will see a substantial PO within a week or so. In my experience in technical sales of this type, what always happens is that samples are provided to an OEM under strict secrecy provisions. We know such samples have ben provided by Valence. The company has to sit pat and issue "no news" until they get confirmation from the OEM that he intends to go ahead and use the product and what volume he intends to order. However you can be assured that a lot of people associated with the OEM know that a decision has been reached and that an announcement is just around the corner. It may, or may not be, insider buying but it probably originates from the OEM customers side not from Valence. Valence may have a suspicion that things are going well but have no paper yet that allows them to make the announcement. That's just the way the game is played and the recent price action fits....

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