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

To: Robert Cohen who wrote (1658)	12/10/1997 8:22:00 PM
From: I. N. Vester	Read Replies (2) \| Respond to of 27311

The same way 'some people' knew about December. Isn't it true that the company never claimed publicly anything concerning Dec? I may be mistaken but I believe they have been saying 1Q98 all along, and they are still sticking to 1Q98. December was their own internal target (which we here on this board heard about from 'sources'). They were never publicly that optimistic. So how are they supposed to tell you that December is no longer possible? I share your concern, tho I'm also trying to understand what the company is doing/saying, and what alternatives they have. It might have made a better impression if they had made a positive re-statement that 1Q was still their target when they announced Cal's resignation, but I'm not sure. And I doubt that ANYTHING they said about Cal or the situation would change the market reaction to his 'resignation'. Not to take the companies position but just as a 'naive' question, what would YOU say to share- holders if you just fired Cal Reed? Assume either that everything you're hearing on this board is true, or that the real situation is a bit worse or whatever. You're the spin doctor - how do you spin this one? And why would that calm the market more?