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

To: wm sharp who wrote (2494)	3/25/1998 9:07:00 PM
From: John Curtis	Respond to of 27311

WM: I'm glad your call's are being returned. I've now left 2 msg's on D. Archibald's voicemail stating I"m interested in seeing the Mallusk Road plant outside of Belfast some time during the latter part of April and have receive nary a call in return. Not even to say, "now's a bad time." Hmmm....Now I'll have to say I'm know for my patience, so I'm gonna keep trying.....but I'll also have to add this...."Hey!! Mr. Archibald(can I call you Archie?).......in case you peruse this thread.....CALL ME BACK....you're not impressing me with your responsiveness." Meanwhile VLNC seems to have slipped into a mild negative bias condition, on slightly larger volume, which may indicate we could see it lower tomorrow as well. Overall, me thinks it'll bounce around between $4.5 & $5 until further notice(with a possible intra-day dip down to the low $4 range--this is just me guessing out loud though). But say, isn't this EXACTLY what it did a couple of months back just prior to its rise in anticipation of the last conference call? I think I smell a pattern repeating here.....act accordingly folks, I know I am...... Finally, in closing, DAVE.....CALL ME BACK!! (ahem). John~

To: wm sharp who wrote (2494)	3/25/1998 11:15:00 PM
From: Larry Brubaker	Read Replies (2) \| Respond to of 27311

William: The comment by the PR firm that VLNC has enough cash to last them through September doesn't make sense to me, unless their burn rate has declined substantially from previous levels. Looking at their 10-Q for the period ending December 28, VLNC's current assets were approximately $5.3 million greater than their current liabilities. They have been pretty consistently burning about $5 million per quarter. Therefore, assuming their historical burn rate, it would seem that they would be running low on cash right now. I assume they have raised some additional cash by insiders excercising options, but that would not seem to be enough to keep them going for 2 more quarters. What am I missing?