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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: Ray who wrote (9877)	3/26/1999 9:07:00 PM
From: Larry Brubaker	Read Replies (2) of 27311

Ray, I have no evidence VLNC is not shipping commercial samples other than their official company statements. My question to you is do you have evidence they are? If so, please post it. I am not aware of any statement that says "we are shipping commercial samples" made by the company via PR, conference call, SEC filing, or any other official source. I don't buy the premise they are afraid of being sued if they say they are shipping commercial samples and then they don't get a contract right away. They certainly could couch the statement with the appropriate disclaimers (extensive testing required, no guarantee that the samples will meet the requirements of OEMs) to avoid legal difficulties. Their filings demonstrate that they are very familiar with the use of disclaimers. And I don't confuse a dislcaimer (no guarantees) with a statement of fact (we have no products for sale, we have not shipped any commercial samples to any customers). Until I know differently, I will assume the filings are correct. They have been so far, and all the speculation to the contrary on this thread over the last 2 years hasn't.

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