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

To: Rich Wolf who wrote (14221)	9/3/1999 11:32:00 AM
From: P. Ramamoorthy	Respond to of 27311

Rich, Re.:"...I see the strong buyers let the price come down to 'bait the hook' for a CC conversion, and now they'll take it up just as easily..." Don't understand why buyers would let the price come down and "hook" the CC conversion which dilutes the stock. Ram

To: Rich Wolf who wrote (14221)	9/3/1999 11:39:00 AM
From: Larry Brubaker	Read Replies (3) \| Respond to of 27311

<<POs are no problem, IMHO. I'm very sanguine about developments with the company. We're on track.>> Rich, you were very sanguine about purchase orders last November and December as well. You sure remind me a lot of FMK:-)

To: Rich Wolf who wrote (14221)	9/3/1999 12:48:00 PM
From: Zeev Hed	Read Replies (1) \| Respond to of 27311

Rich, I think that the $4.35 window is not going to close at all for VLNC due to the most "referreed" lender clause, now that VLNC arranged for a private placement of stock under the prior ceiling, the new ceiling could be construed as the ceiling. I am not sure about that, since I do not have the S-3 before me, but from memory this is my understanding. It is also quite a typical one in such situations. Maybe that is the pound of flesh that Paul was talking about, they may be asking that VLNC register additional shares to cover the new ceiling. Zeev