VALENCE TECHNOLOGY (VLNC) Message Board

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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: kolo55 who wrote (4289)	9/29/1998 1:33:00 PM
From: Stephen W. Leahy	Read Replies (2) of 27311

MORE Insider buying. I just posted this on Yahoo also. 3 new Form 4's filed today. Check FreeEdgar.com. These are NEW, filed early for September. All are open market buying. Lev bought 20,000 shs on 9/2, Berg bought about 50,000 on 9/2-4 and most importantly, ALAN SHUGART former CEO of Seagate bought 100,000 shares at 4.5 on 9/16. These are the first direct shares Shugart has bought. He only had options before. He has been on the VLNC board for 6 1/2 years and had never bought in the open market before as far as I know. The Form 4 shows his direct (non-option) holdings as 100,000 shs, all bought on 9/16/98. As everybody probably knows Shugart was a founder of Seagate in 1979 and CEO and Chairman until he resigned only about 2 months ago. He is 68 years old and very highly regarded in the technology business. This is the most positve indication I have seen of the progress being made at VLNC. I see no reason for Shugart to make his first purchases now unless he really believes that VLNC will be successful. And he paid 4 1/2 on the way up, unlike the purchases by Lev in August which were on the way down in price.

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