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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?

To: Sam who wrote (10317)	1/17/2001 8:36:28 PM
From: Zeev Hed	Read Replies (3) \| Respond to of 30051

If it is grim, it is actually better for stock prices, it almost guarantee that the fed's will step into the breach. If, however, a major tax cut and the fed move simultaneously, I fear we get a very strong rally, but it does not live very long since this will reinflate the bubble, the fed will rapidly step on the breaks if that happens. We just need to watch. Right now, however (since I am sure it will take a good six months for the Congress to move on taxes), I think that the market will pay more attention to earnings reports and "forward looking" statements. Yet, witnessing what happened yesterday when INTC hinted at an increased Cap-ex budget, anything that can be construed that the "end of the down cycle is near" will act as a catalyst to improve pricing of stock, this until we get once more in over confidence and exuberance in the markets. Zeev

To: Sam who wrote (10317)	1/18/2001 8:01:32 AM
From: Mark Johnson	Respond to of 30051

Valence Technology Announces New $30 Million Financing HENDERSON, Nev., Jan. 18 /PRNewswire/ -- Valence Technology, Inc. (Nasdaq: VLNC - news), a leader in the development and commercialization of lithium-ion polymer rechargeable batteries, today announced that it has entered into an agreement with West Coast Venture Capital, Inc., a company wholly owned by the 1981 Kara Ann Berg Trust, to acquire certain assets valued at approximately $30 million in a tax free exchange of approximately 3.5 million newly issued shares of Valence Technology. The transaction is subject to execution of final documents. The issued shares will contain restrictive legends and will be covered by a two-year stock lock-up agreement. The assets acquired include approximately $30 million in cash and investment equivalent instruments earning over 7% interest and are guaranteed by the 1981 Kara Ann Berg Trust. ``We believe this additional financing will provide us with ample resources to accelerate Valence's execution of its strategy of becoming a global licensor of technology,'' said Jay L. King, Chief Financial Officer of Valence Technology, Inc.