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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: wm sharp who wrote (4215)9/16/1998 10:50:00 AM
From: FMK  Read Replies (1) of 27311
 
Insider purchases for August- From a broker's service- CDA investment owned by Thompson that reports to WSJ

Insider-------------date-------qty-
David Archibald-8/27---20,000

Lev Dawson-------8/27--40,000
---------------------8/28--10,000
---------------------8/31--20,000
---------------------8/31---5,000

Carl Berg--8/27-8/31--247,000

Many were worried that David Archibald's resignation indicated a problem with the company's finances.

If the conservative Chief Financial Officer bought 20,000 shares for himself the day before he resigned, I doubt we should worry about Valence's state of affairs.

Any insider buying last week should be reported separately for the month of September. An old axiom was stated- "There are many reasons why insiders sell, but only one reason why insiders buy!"
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