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

To: MangoBoy who wrote (16472)	11/29/1999 1:27:00 PM
From: Socalsteve	Respond to of 27311

Mark...my apologies. Dow Jones news site did not have the updated information this A.M. Still, I believe the ruling last April 30 left little doubt that this suit would go forward, although it remains to be seen if it has any merit. The future for Valence will be determined by their technology, not by the courts. Regards, Steve

To: MangoBoy who wrote (16472)	11/29/1999 1:32:00 PM
From: MGV	Read Replies (1) \| Respond to of 27311

LOL VLNC management argued that Forbes article put shareholders on notice of possible fraud. Think about that VLNC shareholders. Same management is there now. "But there were warning signs well before the announcement, Valence argued. A critical story 15 months earlier in Forbes magazine accused company insiders and investment bankers of "energizing" the stock of "a company whose main asset is an unproven technology." Valence asked a U.S. judge to dismiss the suit, arguing the Forbes story should have triggered the 12-month statute of limitations.The judge agreed, concluding the Forbes article was "sufficiently fact-specific and comprehensive to put a reasonable person on notice of fraud."