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Technology Stocks : VALENCE TECHNOLOGY (VLNC)
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To: MGV who wrote (8033)2/6/1999 12:47:00 AM
From: FMK  Read Replies (1) of 27311
 
DG, I just tuned and thank you for the laugh. You were advising that "The smart money apparently wants no part of VLNC."

I seem to remember that there is some very smart money already in Valence! Would you say disk drive inventor and long time Seagate CEO Alan Shugart was not smart? As far as I know, he still has his 100,000 shares he bought last fall and dummies Lev Dawson and Carl Berg still holding onto their shares. Then there is MCI/Worldcom Chairman Bert Roberts, and Bellcore who still have their 1.5 million shares.

It doesn't appear much money left Valence today, especially if the volume was low and the price went up!

In spite of a drop in the overall market, Valence bucked the trend and closed higher today. ULBI dropped 7/16 to 5 1/16. Did you remember to go to the ULBI thread to remind them where the smart money is?

Thanks again for the smile.
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