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

To: FMK who wrote (2283)	2/20/1998 11:17:00 PM
From: Robert Cohen	Read Replies (2) \| Respond to of 27311

Why was this information not revealed either in the cc or the press release? If it true management is inept. Why would they not let the investment community know for instance that they have produced product at full speed? Robert

To: FMK who wrote (2283)	2/21/1998 12:18:00 PM
From: Larry Brubaker	Read Replies (2) \| Respond to of 27311

<<The remaining equipment in NI has already produced good product at full speed with laminate produced by the smaller machine in Henderson. I was told that results with the large laminating machine have been good.>> FMK: This statement is at odds with what was said during the CC. They said they were having problems with scale-up. That is a considerably different statement than "already produced good product at full speed." Had they said that during the conference call, the stock would be at $8+, and probably pushing $10, rather than in the low $5 range. I hope you are right, and things are not as bad as they were portrayed during the conference call. Nothing personal, but I would like to hear the company make that statement in a PR.