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Technology Stocks : VALENCE TECHNOLOGY (VLNC)
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To: FMK who wrote (705)7/2/1997 10:27:00 AM
From: Matthew Leo   of 27311
 
FMK - I did not hear Cal say <<If he states an expectation that a production line will be in operation by late '98>>.

I expect batteries to be moving out of Belfast late this year or early next.

Also, your comment <<If he states an expectation that a production line will be in operation by late '98, who would be upset if it happens 8 months sooner? That approach would certainly reduce the phone calls asking if it was ready. I believe we are being "set up", to be pleasantly surprised before we become worried about the timetable, giving the company some breathing space in the process.>>
is also incorrect. Misleading investors for any reason is wrong.
Would you be upset if you sold your position as a result of hearing the company voice an incorrect production timetable?

regards - matt
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