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

To: rich evans who wrote (18251)2/11/2000 1:50:00 PM
From: MGV  Respond to of 27311
 
"It looks like insurance will only pay the cash portion based on news release but that is not entirely clear."

It is quite clear from the press release. They will be taking a charge. Take off your blinders, you will see better.



To: rich evans who wrote (18251)2/11/2000 1:52:00 PM
From: Dennis V.  Respond to of 27311
 
Indeed, I was puzzled about the settlement until Lev said "old law". Holy Moly, I had assumed that the new law, which puts a substantial burden of proof on the plaintiff, would rule.



To: rich evans who wrote (18251)2/11/2000 2:26:00 PM
From: Pallisard  Read Replies (1) | Respond to of 27311
 
Thanks Rich. I was glad to hear, also, that they are definitely transitioning this quarter to commercial accounting rather than R&D.


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