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

To: kolo55 who wrote (14213)	9/3/1999 10:26:00 AM
From: Larry Brubaker	Read Replies (1) \| Respond to of 27311

It may, and it may not. Of course the sure way to end the threat of a death spiral is for VLNC to start earning its keep the old fashioned way. Through sales of product sufficient to pay its own way. Until that happens, the threat remains, IMO. Still comfortably on the side lines. PS, I noted that our seller may have reappeared just as I posted. 17,400 shares at the bid at 10:20 and 10:21.

To: kolo55 who wrote (14213)	9/3/1999 10:46:00 AM
From: Zeev Hed	Read Replies (3) \| Respond to of 27311

Paul, the information you just mentioned, that VLNC offered CC a pound of flesh and CC wanted three, is extremely significant. That must mean that CC is not as friendly as we were led to believe. If CC is friendly and does not use its paper to "implement a death spiral" why would VLNC offer a pound of flesh? If CC does not have "nefarious intentions" why would they demand three pounds of flesh for their position? That reminds me of the way JHarken got rid of their floorless, they paid 40% premium to buy it back. I do not think that VLNC has the money to buy CC out, so, until these negotiations are out of the way, you may see the stock drifting further down, notwithstanding the current negotiations. I must say, however, that VLNC got itself a sharp new CFO. So far he got into the kitty some $9 MM under fixed terms, in what should be considered a tough environment. He inherited the CC situation, and is working on resolving it, which is also a good sign of his acumen. The only thing missing of course, is John's, by now too famous, mantra, how about those OEM's PO? Zeev