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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: MGV who wrote (4083)9/4/1998 11:21:00 PM
From: Pallisard  Read Replies (1) of 27311
 
<<A persistent flow of personnel from senior and key positions who have
left>> How many is that over the past year, three, four?? That's a rather
large exaggeration. Also, I don't recall FMK or Paul K. ever saying there
would almost certainly be contracts in Jul or Aug. As to how to spin this
news, I know how you'll spin it, and I know everyone's disappointed with
it, but I'm going to give them the benefit of the doubt. There's been too much
evidence of an imminent production startup. I believe the company will see
significant contracts long before financing becomes a problem, and I
intend to hold on indefinitely regardless of the price manipulation.

Pallisard
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