VALENCE TECHNOLOGY (VLNC) Message Board

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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: Rich Wolf who wrote (8871)	3/3/1999 11:01:00 PM
From: Larry Brubaker	Read Replies (1) of 27311

Rich, my post was somewhat tongue-in-cheek in response to the interpretations on this thread that this guy is some sort of turnaround genious. But if you want to discuss this further, a few comments. You are basing much of your opinion of Mr.Wright's capabilities on a PR issued when he left Iwerks? Remember the wonderful PR VLNC wrote about Cal Reed when he was dumped? Do you know for a fact that Mr. Wright wasn't dumped under similar circumstances from Iwerks? When a CEO is dumped for failure to perform, have you ever seen a PR saying Mr. (fill-in-the-blank) was fired because he was an utter failure? And if Mr. Wright was so successful at "turning around" Iwerks, why has their stock fallen from $35 to $1 over the last several years? I wonder whether Iwerks shareholders would agree that this guy deserves a lot of credit for "turning around" the company? Be honest with yourself, Rich. The VLNC spinmeisters are doing a number on this one.

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