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Technology Stocks : VALENCE TECHNOLOGY (VLNC) -- Ignore unavailable to you. Want to Upgrade?

To: Bill Wexler who wrote (12028)	6/10/1999 6:14:00 PM
From: FMK	Read Replies (2) \| Respond to of 27311

We should add 1 more to the long term holders list that are unlikely to agree to a buyout. Here is the revised post: Eli, we should add 1.5 million shares owned by Bellcore to the list you provided: Carl Berg 12.57% Lev Dawson 7.24% Telecordia Techno something or other 5.62% Dimension Fund Advisors 3.19% Barclays Bank PLC 1.33% Bellcore 5.2% Mooter 1% The total is 36%. If all of the remaining 29% held by shareholders of the two full service brokerage firms that have their brokers to convince them to hold on rather than sell out and the total is 75%. If half refuse to listen to their brokers and vote to sell once an offer is made, the total is 36+ 14.5 or 50.5%. My point was that majority of the shares are with long term holders, such as Bellcore, Berg, Dawson and Roberts and those influenced by the large firms. I wonder what the effect would be on share price if someone were to step up and buy a million shares on the open market? Would momentum players jump on? Would some of the shorts get worried and cover? As one of our prolific posters reminds us... Now about those P.O.s! And Bill, remember that Mooter based his recent buying decisions on his trip to Northern Ireland to see the production firsthand. He may very well have acquired some of the shares you shorted. For your sake, I think you should cover while still in single digits. You may even want to go long, and we could listen for you singing a different tune!