Bill Wexler's Dog Pound Message Board

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Non-Tech : Bill Wexler's Dog Pound

REFR 1.970

+1.5%

11:57 AM EST

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To: Brad Davies who wrote (7684)	1/1/2001 11:05:20 PM
From: Robert Cohen	Read Replies (1) of 10293

Valence had an unfortunate experience with a floorless convertible several years ago. I think they learned a valuable lesson and will not go this route again. They have a 12.5 million line of credit from Carl Berg which they have not drawn down. I expect new licensing deals which will involve up front payments, new IDB funds, royalties from current "Telcordia" licensees, sales of powders and laminate, as well as PO's from PDA and laptop OEM. It is refreshing to see someone with a contrary opinion who does not feel the need to substantiate his position by resorting to half truths and lies.

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