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Technology Stocks : VALENCE TECHNOLOGY (VLNC)
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To: lws who wrote (22202)11/10/2000 3:09:25 PM
From: Rashomon  Read Replies (1) of 27311
 
Perhaps the conference call was Lev's attempt to talk the price down to get more friends in ;-). Seriously, it was an awful call. He should have addressed the manufacturing problems and revenues ahead of the questions, as well as the lack of licensing revenue. It's impossible to believe he knows nothing of the licensing cash flows. If the news yesterday hadn't offered such promise, VLNC would be tagging 12 today. Had we had a good conference call, even with the problems internally and in the market, it would have broken 20 today, IMHO. Lev seemed ill-tempered, under-informed, and unprepared to answer questions straight forwardly. I'm still long, but this call was a disappointment.
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