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

To: Paul Dubsky who wrote (1802)	12/23/1997 11:35:00 AM
From: John Curtis	Respond to of 27311

Another resignation? What could it mean? It could mean just about anything. However, VLNC has taken it so heavily on the teeth from a share price decline standpoint that if a house-cleaning is truly going on in there, then this'd be the logical time to announce the shake-up(s). Could there be more to come? Who else could Mr. D. be looking to remove? Any old enemies from his former days with VLNC he'd like to toss? Politics, politics. And of course VLNC's stock is reacting according, bid $4 23/32 x $4 15/16. However, this ain't such a bad drop, and it's holding up fairly well in light of this news combined with today's market, not to mention that the Korean market just fell out of bed "today." Oh, by the way, if anyone subscribes to the MM manipulation theory ya gotta expect that they've got a "basket" of VLNC goodies by now and so would be loathe to allow the price to decline very much. But that's just an idle musing. So given all the above, I subscribe to the "get all the bad news out now" theory. It means there's less likely to be an "interruption" in the stock price rise once production gets underway. Something VLNC still seems on target to accomplish. That's the only potentially bad news I'd not like to hear from them, ie. "eh......folks.....eh......we're having major troubles with the production line..." You just KNOW what would happen next, eh? The long and short of it is VLNC is certainly guaranteeing a "spicy" set of Q/A at their next conference call, don't'cha think? Regards! John~