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: Tickertype who wrote (19683)	5/13/2000 6:43:00 AM
From: LiPolymer	Read Replies (2) \| Respond to of 27311

T, the change in FY added 5 more days: ITEM 8: CHANGE IN FISCAL YEAR The change of the fiscal year end of Valence Technology, Inc, a Delaware corporation (the "Company"), from the last Sunday in the month of March to March 31 was effective as of March l, 2000. Pursuant to Rule 13a-10(d) of the General Rules and Regulations under the Securities Exchange Act of 1934, the Company is not filing a separate transition report, as the transition period covers a period of one month or less and as the first report required to be filed by the Company for the newly adopted fiscal year after the date of the determination to change the fiscal year is the Company's Annual Report on Form 10-K for its fiscal year ended March 31, 2000, which will cover the transition period as well as the fiscal year. freeedgar.com When the question was raised on the threads yesterday the buzzards cackled back that Valence always waits until the very last minute to file the 10-K, I suppose the insinuation being that the company wants to delay any "bad news" for as long as possible. This intentional move to file in mid-May is a clear break from the historical trend (some previous 10-K filing dates: 6/28/99, 6/29/98, 6/27/97). Maybe just as simple as Mr. King running a tighter ship in his first full year as CFO since joining the company in April 1999? Whatever the underlying significance of this change in practice, we won't have to wait very much longer to find out. Regards.