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

To: mooter775 who wrote (1944)	1/16/1998 12:27:00 PM
From: Paul Dubsky	Read Replies (2) \| Respond to of 27311

The law is pretty clear regarding Form 144 vs Form 4. Insiders must file a form 144 if they intend to sell. Form 4 must be filed within 10 business days following the month of sale. I have yet to see a form 4 filed by Cal Reed, which would indicate his actual sale. I still believe that he merely has registered to sell his shares and has not sold them as of yet. However, we really won't know if he sold these January shares until mid-February, or if he just registered. Paul Remember also that basing a decision to buy or sell stock based on insider SALES is much trickier than doing it based on insider BUYS. People sell their stock for a whole host of reasons that you or I can only speculate about. However, they only buy to invest in a good long term play. However, if the entire management staff were registering to sell their shares, then I'd be concerned. But ex-whoever doesn't concern me as much.

To: mooter775 who wrote (1944)	1/16/1998 12:32:00 PM
From: Mark Johnson	Respond to of 27311

In the big picture this sale seems insignificant. Cal Reed needed some spending money. So what. Granted it doesn't seem to shareholder friendly but I am concentrating on the long-term picture. In a day or 2 this will be water under the bridge. Lets get to production. Go Valence!!!!!