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

To: FMK who wrote (1795)	12/23/1997 1:10:00 AM
From: Larry Brubaker	Read Replies (1) \| Respond to of 27311

FMK and All: At the least, the timing of these resignations stinks. If the CEO wants to move on with his life, that is fine with me. If the new CEO wants to make some changes to the team, that is fine as well. But it sure would have been a lot easier on the investors in this company if these moves had been made AFTER production had begun and contracts announced. Having said that, I see no reason in this announcement to assume that the resignation is associated with a significant problem. In fact, given VLNC's extraordinarily bland PR style, I find the words "readying the Northern Ireland Plant for production" to be the most optimistic comment I can find in a recent VLNC press release. Let's hope that optimism is warranted.