Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Rich Wolf who wrote (18210)	2/10/2000 11:56:00 PM
From: I. N. Vester	Read Replies (1) \| Respond to of 27311

Rich, thanks for posting! I'm really pissed off, but I don't guess this is going to hurt the stock price. Just make some scum lawyers rich by skimming 2% off every one of us. "You won't even feel their greasy hand in rifling thru your pockets". Well can't knock American capitalism after all the riches the ol' system has just provided those with the foresight to be in this stock. That would be biting the hand that fed me.

To: Rich Wolf who wrote (18210)	2/11/2000 12:05:00 AM
From: golden_tee	Read Replies (3) \| Respond to of 27311

There better be a very positive announcement in the a.m.. No company, I mean no company, puts out a press release at 11:00 P.M.! Throwing this kind of cash around (to old shareholders like me) is very stupid, unless it is nearly irrelevant. I suspect that this is the case. We better find out about the irrelevance in the morning call. Although I will get some of it, I really don't like this settlement. Could they be selling the company and need to clear the books? Just a longshot WAG. Very unusual, to say the least.

To: Rich Wolf who wrote (18210)	2/11/2000 12:12:00 AM
From: P. Ramamoorthy	Read Replies (2) \| Respond to of 27311

Rich, Just came across the news. The following section caught my attention: The full amount of the cash settlement and associated legal costs to date has been either previously expensed, reserved for or fully covered by the company's insurance carriers. Under the terms of the settlement Valence will pay $1.3 million in cash and 950,000 shares of common stock to the class fund. The company will take a charge for the impact of the stock portion of this settlement during the fourth quarter ending March 26, 2000. That is, the cost of settlement has been expensed, reserved or covered by insurance carriers. It is not coming out of company current cash flow, meaning the least impact plant expansion and production. Long, long ago, I pointed out a great negativity or lack of credibility pulling VLNC down. Now, I see that three out of four factors have been corrected or resolved positively. (1) Capital Guardian investment ($32MM) (Note: one of the stipulations was that the funds from equity will not be used as part of lawsuit settlement. Forewarning!) (2) Analyst's coverage (CIBC) with a definite price target (3) Law suit settlement. (This will eliminate the "bad blood" and negativity (Re.: SF Examiner, Street.com, etc.) (4) Timely delivery of batteries, Consumer acceptance of VLNC batteries, Battery performance, UL certification, etc. I am optimistic about item (4) and hope to learn more about (4) at the CC and the SH meeting. The VLNC credibility is almost restored. That should mean: higher stock prices and momentum. all imo. Ram Edit - Also note that the charge off will be in the March QTR. Soooo, the June QTR which I have been anxiously waiting for will be a solid one! Ram