VALENCE TECHNOLOGY (VLNC) Message Board

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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: Bill Wexler who wrote (10823)	4/28/1999 11:18:00 PM
From: chester lee	Read Replies (2) of 27311

<<Valence files $50 million shelf - the "bucks to assure worldwide dominance". So let me get this straight: the company has not delivered a product or meaningful revenue since inception. All of it's R&D deals have been terminated. It has flipped over key executives several times and has lost its CTO.>> Bill, One might interprete this to mean that, VLNC has gotten it's R&D done and complete. They are cleaning the management house to change over from R&D to manufacturing. They have also worked out financing to do the manufacturing thing. making this transition would be the natural progression of a world class player. IMO, VLNC isn't a world class player. I should have added to my short position yesterday and today, but I hesitated since I could not account for the spike up. chester

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