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

To: DKR who wrote (1936)	1/16/1998 10:54:00 AM
From: Larry Brubaker	Read Replies (1) \| Respond to of 27311

DKR: Its a little hard from the wire you quote to figure out whether it is reporting the actual sale of shares that he had previously "intended" to sell, or the "intent" to sell additional shares. From the words "proposed sale" it sounds like he could have either refiled his intent to sell the original 50,000 shares, or filed an intent to sell a new 50,000 shares. However, saying that he reported on 1/9/98 the proposed sale of 50,000 shares on 1/5/98,...it also sounds like he actually sold shares on 1/5/98. Confusing. The most positive scenario is that he has not yet sold the original 50,000 shares, and merely refiled his intent to sell to be in the position to take advantage of an (hopefully) impending price rise. As mentioned previously, the shares reported in Form 144 (intent to sell) must actually be sold within 90 days or a new Form 144 must be filed.

To: DKR who wrote (1936)	1/16/1998 10:56:00 AM
From: Jeff S.	Read Replies (3) \| Respond to of 27311

>>It reported that Cal Reed "....CEO of Valence Technology, reported on 1/9/98, the proposed sale of 50,000 shares on 1/5/98, for $256,250 through Morgan Stanley and Co.,Inc.">> So if I understand correctly, CR sold 50,000 shares on 1/5/98 for $256,250. This was reported by CR on 1/9/98. In addition, he registered to sell another 50,000 shares. Please correct me if I am wrong. Thanks. Jeff