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

To: Tmoore who wrote (2219)	2/17/1998 10:00:00 PM
From: Larry Brubaker	Read Replies (1) \| Respond to of 27311

Well, I had to rush off to work immediately following the conference call, so now I'm back to vent. First, in response to your question Tmoore, no, there were no specifics about what the problems were with ramp up, no idea of what fixes are needed, and not a great deal of certainty that ramp up will eventually be achieved. They are, however, "cautiously optimistic." Second, as soon as I heard the comments about shifting redundant equipment to Henderson, I pulled the sell trigger. A move that drastic smacks of serious problems to me. Third, I was quite annoyed about the lack of specifics provided concerning what the problems are and how they are being addressed. Fourth, I disagree with the comments about people relying on comments by posters on this board for their information. While I agree that nobody should confuse reading posts on the internet for DD, posters on this thread were not the only ones who were told by the company that production remains on track for the 1st quarter. They also told Red Chip Review, at least, that production is still scheduled for this quarter. The fact that Red Chip was being told the same thing as people were reporting on this thread gave a lot more credence to the information, in my mind, than I would have otherwise given it. I can understand why the Red Chip analyst did not sound happy. Finally, I will continue to watch this one and may jump back aboard at some point. We now know there are bigger problems than we thought. It doesn't mean they won't be solved. Good Luck VLNC investors.

To: Tmoore who wrote (2219)	2/18/1998 1:10:00 AM
From: Gordon Quickstad	Read Replies (2) \| Respond to of 27311

The actual technical reasons for the problems were noticeably absent from the conference call. There was an oblique reference to chemistry. Lev said something like that making a 1000 liter batch of chemicals for coating is not the same as making a good 1 liter batch. This may be the problem that they're having. I think the company is not forthcoming with information for three reasons: 1) They're vying for time. It's taking much longer than they're willing to admit to produce an acceptable battery. They've tried to keep stockholders from abandoning the stock while they feverishly work out the bugs. "If you can't say something nice, then don't say anything at all", as most mothers have told us. 2) To admit problems and to be too specific about them gives the competition an edge in marketing. 3) With too much negative news, the stock suffers and some of the insiders are major shareholders.