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

To: Stefan Andreasen who wrote (1930)	1/16/1998 8:05:00 AM
From: Paul Dubsky	Read Replies (1) \| Respond to of 27311

If it was Cal's sale, then it was simply the excution of the shares he had registered to sell back in November. Although he had filed a form 144 (indicated intent to sell), I could not find any inside trade records indicated that he actually had sold them. Also, he has 90 days to execute on an intent to sell, must have been approaching it. Anyhow, what Cal does doesn't worry me at this point since he's no longer part of the company. What type of "personal mail" are you talking about?

To: Stefan Andreasen who wrote (1930)	1/16/1998 8:46:00 AM
From: Paul Dubsky	Read Replies (1) \| Respond to of 27311

Just checked in on an Insider Trader Summary service and yes, Cal DID file a FORM 144, indicating an intention to sell "another 50,000 shares". However, as I pointed out above, a 144 doesn't obligate someone to sell, an it is required to be filed within certain restricted trading periods. Form 4s are required to be filed within the 10th working day following the month in which an insider actually sold stock. So far, I can't find where Cal had actually sold his original 144 stock filing, nor do I see where he sold on this filing. So, to wrap up, he has again filed an intent to sell 50,000 shares. Is it the original 50,000 shares filed again? Who knows. But, it is ONLY AN INTENT! Also, he's no longer with the company, so he's not obligated under the political pressures to not do these types of things before news is out, or for whatever other reason. Obviously, a filing to sell your stock when it's already down to $5 would be perceived as not good. BUT, it's an intent, and maybe he's "on to something"....pure speculation I know, but I couldn't help it!