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

To: John Curtis who wrote (1603)	12/8/1997 6:39:00 PM
From: Emmo	Respond to of 27311

Read somewere that traders look for explainations while investors look for earnings. I've been looking for someone to post information that may add insight as to what management is up to. So I've decided to put my own spin as to what likely forced CR out. Assuming everything said in recent conference calls is true and assuming that OEM agreements are just weeks away; I can only view CR "retirement" as a serious disageement with the BoD as to the future direction of the company. My guess is the other directors were not happy with the direction the boat was headed and they threw the captain overboard. (Hopefully there is a fountain in front of the office building and not just sand and rock.) Naturally the officers were not too concerned with the rest of the "crew". So what does CR's boot mean to future earnings.?? Since they have yet to announce a product or sucess in manufacturing a product I have to say nothing. So why the drop in share price? The "retirement" made the stock instantly more speculative. Besides trying to make a very unstable element work in a battery they now have a very unstable management team . AT&T is a good example, the stock heads up after a management change (Armstrong). Why, because investors now see management as adding value to future earnings. Imagine what would happen to MSF stock if Gates were to retire to spend more time with his money? VLNC, IMO, now has a big credability problem. A few years ago it was because of problems with the product, now it's problems with the management. I think it will take a lot more than just product to get this stock to move. If current management can't prove recent changes were positive and soon then this stock might make good wallpaper.