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Technology Stocks : VALENCE TECHNOLOGY (VLNC)
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To: I. N. Vester who wrote (1630)12/9/1997 8:19:00 PM
From: Emmo  Read Replies (1) of 27311
 
I can't think of one example of a company showing their CEO the door without some good reason. Retirements are planned and well known by many. Sudden exits are only explained when someone on the board decides to leak the info or starts talking. Cal must have really screwed something up or he'd still be there. I don't think the screw up will take the company down because they would have had to reveal that by now. But certainly there will be delay's and the insiders are selling on knowledge.

Another posibility; Cal decides that he won't ship unless everything is built and tested to perfection.(Batteries HAVE to be PERFECT, when new, while in use, after many recharges and at disposal time.) Could be that some of the larger shareholders decided that being first to market was more important and sought a CEO with the same attitude.

I have to disagree with FMK. If big money was after this stock we would see better price support. If you are to believe him then all these buyers are communicating with each other to artifically keep the price low. Kind of like the diamond cartel in reverse. I think we are seeing big money knowing there is a delay and selling off for tax reasons and/or loss of confidence. Could also be moving to ULBI.
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