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

To: Larry Brubaker who wrote (12486)	6/29/1999 10:41:00 AM
From: J. M. Burr	Respond to of 27311

The VLNC leadership once again has won kudos for beating around the bush. If you look for a company announcement you find financials; which, apparently, and I mean apparently, only tell half the story. What is needed here is a little honesty and a straightforwared company press announcement (and not an effing conference call) that lays out where the company is now, and its long term development/marketing strategy. If these bastards are so afraid of a new stockholder lawsuit they ought to get the hell out of business and go play games in the Caymans, or the Channel Isles, or wherever. Yes, I got out again, and given the usual disappointment, this time I think I will wait til it hits five. Come to think of it, I am sick of this company and its leadership. Sayonara.

To: Larry Brubaker who wrote (12486)	6/29/1999 10:47:00 AM
From: Rich Wolf	Read Replies (3) \| Respond to of 27311

No Larry, the short term price swings don't bother me. I don't consider it 'tanking' at all. People who bought on the runup in fear/anticipation of a seminal announcement are now probably guessing they have a least a month (and they may be right or wrong), and are taking some money back off the table. I expect we go back to the rolling stock pattern. I would bring to your attention that the new investor who paid $3M cash to Valence for shares at $6.24 ($3M/480824) was not uncomfortable about the 'impending floorless.' I would assume he was provided confidential information about the company's production status and contract negotiations, and believes that events will come to pass this month that will make his investment profitable. When such events come to pass, raising the $25M will be easy, and that's why the shelf registration was prepared. Things are progressing well. The new cells are 50% better than the competition's, and have been provided for evaluation well ahead of what any of us anticipated. Hiring continues apace, and Lev indicated they were surprised by the size and timing of both the Hanil and Alliant orders. He may be producing for another contract already on line 1 (laptop cells), and now he needs to hire and train additional workers sooner than the thought. Those are good problems to have. ;-)