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

To: P. Ramamoorthy who wrote (26287)	6/18/2004 7:54:03 PM
From: MoMoney	Read Replies (1) \| Respond to of 27311

Ram, I've been waiting for your conference call notes........ and once again I want to say thanks for efforts.

To: P. Ramamoorthy who wrote (26287)	6/19/2004 12:36:12 AM
From: Bill 49M	Respond to of 27311

Thanks Ram. Your effort is really appreciated. I was unable to link up for the call. I used to chat here very minimally years back, but am now content to view from the sidelines. Still hanging in there with this company. I guess all we can do is hang in there for a few more years and hope that the full potential comes to fruition. I think all in all the road ahead is more clearly visible than back in the nineties, when so many hoped and thought the promise land was just around the next bend.

To: P. Ramamoorthy who wrote (26287)	6/20/2004 11:08:35 PM
From: Jacques Tenzel	Read Replies (2) \| Respond to of 27311

Thanks Ram for your comprehensive summary of the conference call. I did get a chance to listen to the archived event and have been brooding over what I heard and did not hear ever since. The general tenor of the call was definitely less upbeat than the last call and notably absent was any reference to a break-even time frame. Also I felt that the so called impending deal with a major tool manufacturer that we heard about 3 months ago was swept under the rug, and there was definitely an attempt not to talk about it. Like so many "almost deals" in the past this one has probably come and gone. And it is not done up front but rather in a fashion that makes me wonder about our product's competitiveness or Valence's ability to produce commercial quantities in the necessary time-frame. Even the $20MM additional funding offer from Carl Berg becomes tainted by the implication that we are again falling behind schedule and will need additional funding, something that was denied in past calls. From my perspective it would have been far better to state what has and has not happened and why! And the breakup of the Fengfan partnership, even if for good reasons in the long run, is sure to put delays into our timetable as well. How about some up front honest statements, both the good and the bad. This smoke and mirrors is the pits! I believe that investors have a right to a certain level of transparency, at least quarterly. I am also not sure why the Tyco announcement that came out the day after the conference call omitted any reference to the monetary amount of $38MM mentioned in the call. It may be nothing, but again the sense that the investors are kept in the dark is not the way a company should do business. The rationale that all this secrecy is necessary to maintain some kind of competitive edge is shear nonsense. From the precipitous drop in price following the call I suspect that I am not the only disappointed investor. I hope that more is forthcoming but as I said before, watching grass grow is not a very exciting pastime. Enough venting for now! ................Jacques