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

To: Dennis V. who wrote (15978)	11/11/1999 9:19:00 PM
From: Mark Johnson	Respond to of 27311

It has taken Lev almost two years to put this Technology back on track. When Lev returned he had to dismiss most of the senior ranking staff due to research errors and bad judgement. Lev put the operation back into the able hands of the Valence scientists and let them run with the ball. Some on this thread namely "Larry Brubaker" have wrongly criticized Lev's decision making skills and ridiculed his business decisions. Valence Technology has reached a new milestone and industry recognition as the only company in the world at present time to be able to manufacturer Lithium Polymer Manganese Batteries. I'm very happy for the Valence staff and tip my hat for their stupendous effort on bringing in their first Purchase Order.....the first of many to follow. The "subterranean gang" is slowly being subdued.

To: Dennis V. who wrote (15978)	11/11/1999 9:26:00 PM
From: John Curtis	Read Replies (1) \| Respond to of 27311

Dennis, et.al.: Interesting conference call, now that I've had time to listen to it. Very interesting, with lot's of positives and a couple of laptop comments which had me rethinking an earlier, more pessimistic conclusion. Clearly with VLNC underway it now becomes the Sales V.P.'s responsibility to keep bringing home the bacon by increasing sales as rapidly as possible, and the head of manufacturing's job to support sales by keeping the build-out moving apace. So it goes. Been here a wee few times with other speculations and it's a great feeling to see an equity you've been following for a time surmount a significant obstacle. I rate VLNC's probability of success at this point at 98%, barring an act of God, of course. With regard to the short coalition, who by today's actions are obviously still a force to contend with, I submit that just as there's a cadre of professionals who look for good, "diamond in the rough" long term bullish plays, so too there resides in the market that certain cadre of professionals who look for the "fish in a barrel". Now don't think by this comment that I'm referring to the more obvious of those out there on the threads. My take on them is they're the amateurish top 5% of the group playing this game. Just as most of we bull's who post are the amateurish top percentile of the pro's playing the long position. The ones you cannot see, who compose the other 95% of the "iceberg", and who will also never be heard from as it violates one of their prime tenants, and that is, to remain invisible, are the market pro's. Those folks have been using the floor-less convertible instrument as their personal risk-free ROI "sink" for as long as the instrument has been available, and others have obviously latched onto it as a style which suits them best. So it goes...it takes all kinds to make a market. You may not like their style. You may not like the manner in which they reap their profits. You may even think it's at some fundamental level basically a conflict of interest and should thus be considered illegal. But it's not. It's a part of the game, and it and it's proponents should be well understood like any poker playing analysis you might conduct. This time their game may not have played out as they originally predicted, even though they've made a goodly chunk of coinage. But they're still here, although I'm sure the pro's may be now trying to extricate themselves from a play gone bad. Bottom line? Trading in VLNC will most likely remain volatile, and over the short haul(no pun intended, heh), unpredictable. But longer term the game is up as VLNC is now an infant commercial enterprise with all which that entails for the year to come(oh..this is all imho, of course). Now...about that SECOND p.o.! HEH! Regards! John~

To: Dennis V. who wrote (15978)	11/11/1999 9:41:00 PM
From: Larry Brubaker	Read Replies (4) \| Respond to of 27311

<<Yes, a subterranean gang, harmful to America.>> What a crock this statement is. VLNC is a company that has squandered over $170 million of other people's money on several unsuccessful attempts to commercialize a product. The money they have spent on failed products has been an extremely unproductive use of capital. Unproductive except for lining the pockets of those like Lev Dawson who sold over $30 million worth of stock in the early 90's, and Carl Berg, who has taken more money out of the company than he has put in. A company that has a reasonable chance of success does not have to go to the floorless bandits for money. And even many companies who don't have brilliant prospects can raise money on more favorable terms than VLNC. There are huge amounts of investment capital available that is being handed over to speculative companies ever day, at far more favorable terms than VLNC has demonstrated. Every day, there are IPOs (a much more favorable way of raising money than floorless preferred stock) issued for companies with little operating history. Billions of dollars a week is being handed out. I would submit that it is this company's multi-year history of wasting money, repeated failure, and insiders profiting from the above, that is to blame for the poor financing, market skepticism, and large short interest. Along with the long history of hype by connected internet touts and other assorted boot salesmen. Blaming the shorts for the history of repeated failure of this company is silly, IMO. The shorts did not show up in force until the company went to the floorless bandits to begin with. Had the deep pockets put back some of the money they have taken out - in the form of financing under reasonable terms - the shorts would not have attacked this stock with such ferocity in the first place. To me, the shorts perform a Darwinistic function in the market. If VLNC succeeds in spite of this, more power to them. But IMO, they only have themselves to blame for their current situation.