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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: jean1057 who wrote (5940)12/13/1998 2:47:00 PM
From: Dennis  Read Replies (2) of 27311
 
J.C.:1) Lev didn't elaborate on who was there but was very,very positive about their reaction & those were his words ('absolutely blown away").
2) Re the shareholder meeting date..That's what I was told as there was still time to change it, supposedly. Personally, I think the logistics of it all would be daunting to make the 1/7 date.
3) He didn't say how many were still in Henderson, but I estimated there were 50 vehicles in their lot which would equate to at least that many in the plant.
4) He said they are definitely going to sell the plant & are looking at all options. He did say the Seattle area has a lot of the technical types & facilities the company will be needing & that there are "several" VLNC techies in Seattle now. In this regard, too, Bill Gates did come out recently & said that Microsoft will be putting up tens of millions of dollars into start up type companies in the near future. However, I don't believe Lev is aware of the extremely high real estate prices & labor costs up here & might look elsewhere....just what we need...more conjecture, huh!!
I hope this helps...
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