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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: Jacques Tenzel who wrote (6990)1/11/1999 9:20:00 PM
From: MGV  Read Replies (1) of 27311
 
The conversation you report sounds plausible. It also appears to be an objective statement by someone who owns "a large position in VLNC."

It is notable that the one example cited for Dawson's reported reluctance to provide straightforward projections is the "breakeven on cashflow" statement that FMK spun into outright bottom line profit.

Its somewhat ironic that the guy who would claim the description as the most dogmatic long on the thread, is the one who likely throws more concern into the management of VLNC about the threat of shareholder litigation. In other words, but for the misinterpretation by the more dogmatic, other investors likely could count on more frequent, more specific corporate information.

The fact is that corporate management is justified to be gunshy of the irrational longs. That profile is the one everytime that ultimately cries wolf and falls into line in a class action.

It is not the shareholders and potential shareholders who retain healthy skepticism that represent litigation risk.
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