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Technology Stocks : VALENCE TECHNOLOGY (VLNC)
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To: Pallisard who wrote (8188)2/11/1999 6:05:00 PM
From: Chisy  Read Replies (2) of 27311
 
I can guess which way if everyone reads the 10-Q. I haven't been this depressed in a long time. It will really take some good news to make up for what I just read. Why did I ever buy this stock? They have no contracts and have nothing ready to meet specifications. See page 6. "The company presently has no products available for sale." And further on, "There can be no assurance that any products can be developed or manufactured at an acceptable cost and with appropriate performance characteristics, or that such products will be successfully marketed." Now I ask you, will that make anyone want to run right out and buy this cash hungry company when officers admit they have nothing to sell? Too bad more financial questions were not covered at the meeting. Come on, share holders, give me some cheering up!
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