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

To: John Curtis who wrote (16474)	11/29/1999 1:24:00 PM
From: Pallisard	Respond to of 27311

The other thing markets don't like are overhanging issues. This at least clears the air. Besides that, it'll be 2 to 3 years before it's ever resolved, by which time Valence will be making tons and tons of batteries. I think the suit will die with a whimper.

To: John Curtis who wrote (16474)	11/29/1999 11:57:00 PM
From: Larry Brubaker	Read Replies (4) \| Respond to of 27311

<<Course, the longer VLNC prolongs this action, and the more p.o.'s they can produce....well, perhaps it weakens in direct proportion the prosecutions case?>> First they are the plaintiffs, not the prosecution. Second, while I am no lawyer, I seriously doubt that anything that happens now will have any bearing whatsoever on the results of this case. The issue is whether VLNC committed fraud in 1993. That they may sell a completely different product 7 years later would seem to be absolutely irrelevant to the issue of whether they committed fraud in 1993. If anything, financial success now will give the plaintiffs that much more incentive to go for every penny they can get. There is not much blood to squeeze out of a bankrupt turnip.