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Technology Stocks : VALENCE TECHNOLOGY (VLNC)
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To: Zeev Hed who wrote (6472)12/30/1998 12:36:00 PM
From: FMK  Read Replies (1) of 27311
 
Zeev, I think you should start your customer testing timetable somewhere around October or November because as of August 12, Lev had already been discussing "...terms and conditions, pricing and delivery schedules" They were also producing and inventorying at that time. As indicated by multiple sources, the policy has been not to publicly acknowledge any shipments of samples because the it was not an SEC requirement.

This could explain why Lev's answer was "no comment" rather than "no" during the last conference call when asked if samples from NI had been shipped. This is understandable because it would require less of Lev's time to explain where the samples have gone, have you heard any results yet from customers etc. I do seem to recall a statement from one of the recent conference calls that batteries meet or exceed customer requirements. If that is the case, then extensive testing must have already occurred.
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