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Technology Stocks : VALENCE TECHNOLOGY (VLNC)
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To: jean1057 who wrote (9552)3/19/1999 9:01:00 PM
From: I. N. Vester  Read Replies (1) of 27311
 
JC: We know that samples have been sent out and
that the lines have been run at production speeds.
Lev told us that very clearly at the SM.

I'm not saying be a polyanna and ignore what the
filing say. But understand them in the context
of how they are used. They keep making filings
e.g. this one which allows CC to sell any of their
holdings. The main function is to satisfy the SEC
regulations. There is no business advantage for the
CEO to spend a lot of time monitoring them and
rewording them.

We all would like to believe that the CEO works for
us and should maximize his efforts to keep us from
getting nervious. The fact is that nobody in the
business ignores these filings, but they don't
expect them to reflect the very latest news (execpt
for the financial statements!).

Unfortunately investors have been spooked before.
I think most are now immune and I'm sure you will
be alone if you sell in a panic on monday!

Don't lose any sleep over this!
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