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Technology Stocks : VALENCE TECHNOLOGY (VLNC)
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To: John Curtis who wrote (1271)11/6/1997 2:36:00 PM
From: wm sharp  Read Replies (1) of 27311
 
John - Kept an eye on the trading yesterday.

There was a seller perched on 9 all day. That may have limited immediate response to AEA. I suppose we can expect to contend with such nuisances all the way up! (Based on today's follow-up action, I think there are still some short term traders mucking up the system. I hope these gnats will be silenced in short order.)

-T- I too am concerned about a buyout limiting this company's potential. But I take comfort in my reading of Reed as one of the most hard-nosed CEO's around. And, Shugart built Seagate. As Fred indicates, these guys have paid some major dues on this enterprise and I don't think they're about to turn it loose without an equally major reward.

Fred - Many thanks, as always, for the updates from the industry folks.
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