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

To: mooter775 who wrote (14335)	9/6/1999 6:53:00 PM
From: MGV	Read Replies (2) \| Respond to of 27311

"Why would these institutional investors do otherwise?" Extending the logic of your implied assumption, they are waiting for a price lower than the recent lows (4 3/16) to accumulate their "full position." Allowing for the best case - and as usual your implied assumptions are the best case stretched to the point of snapping - this "institutional investor" who is "building a position" isn't interested in filling the position at 6 or 5 or even 4. In your hyperbolic best case, logic holds that they don't feel strongly enough to fill the position at current prices. That is not a convincing best case. When a "best case" assumption is as illogical as yours, it is a very good bet it is a flawed assumption, especially when the proponent of the assumption has a track record as poor as yours has been with this company.

To: mooter775 who wrote (14335)	9/6/1999 7:02:00 PM
From: Richard M. Jimmink	Respond to of 27311

Mooter, Valence is a one product company. The hundreds of patents and claims within the patents, held by Valence are excellent potential for licensing. Licensing will not start until Valence has a commercial product in production and incorporated in the end user's product. A lack of a long term Valence financing plan worries some CEO's who could be the buyer of the first production units. Lev should have a minimum of three major customers to safely kick off the commercial run. That is my opinion Dick