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

To: Tmoore who wrote (2301)	2/22/1998 3:28:00 PM
From: FMK	Respond to of 27311

Tmoore, I just got online and noticed your post- I agree that the company needs to start producing or we might be in trouble. I remember an internal rift last fall over being ready to accept a contract except such great R&D progress was being made that Cal wanted to maximize the improvements first, and we could now be calling it close on the finances. I was told a few months back that Carl Berg would not put any more money in unless he was convinced that they could build the battery. We know that has since put in around $5 million, and he must therefore have been convinced. I understand he will likely put in substantially more if there is any problem with capital financing or other deals that may be in the works. There have been times when I have heard that same "tiny voice", but not after what I have recently learned and posted Friday night. Last week I received e-mail from a shareholder who runs an investment club in a large city. He summarized his view as follows: "Those that dump it in frustration will probably do so just prior to when the eighth cylinder finally kicks in...." Hang in there!