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

To: Dennis who wrote (2503)	3/26/1998 4:08:00 PM
From: I. N. Vester	Respond to of 27311

Dennis: read the last press release. You can find a link to it from back up this thread, or yahoo company news, etc.

To: Dennis who wrote (2503)	3/26/1998 4:10:00 PM
From: lws	Respond to of 27311

The Valence fiscal 1998 year ends March 31, 1998. That is, the first calender quarter of 1998 is the fourth quarter of their 1998 fiscal year. The second quarter of calender 1998 (ending June 30) is the first quarter of Valence's 1999 fiscal year. The way to remember it is this: their 1998 fiscal year is almost over before our 1998 calender year has hardly begun!

To: Dennis who wrote (2503)	3/26/1998 4:19:00 PM
From: John Curtis	Read Replies (1) \| Respond to of 27311

Dennis: Here's a VLNC URL which I think will answer your questions regarding qtr commentary. It quotes L.D. regarding production, when VLNC's 1st qtr is, etc.: valence-tech.com Meanwhile, regarding that supposed reduction in burn rate. Is it possible that IF they're truly as far along as we hope, then the burn rate should fall since pre-production work on all associated problems/problem testing resolution, etc., is complete? In other words, they're basically standing by waiting to commence first limited run's of mass produced samples for OEM's, or may even have some samples already in OEM hands and are awaiting approval? Just a guess, but boy would that be exciting if true, eh? But overall, that burn rate reduction doesn't jive with L.D.'s commentary in the last call regarding the need for financing being needed later this year(unless he'd factored in that supposed burn rate reduction into his commentary). Be that as it may, I don't expect to hear much from VLNC until closer to that June 30th window. I expect to be able to continue to "front end load" additional shares, particularly at these levels.....is it gold just waiting to be picked up at these prices? We shall see... And speaking of price, closing price $4 11/16 x $4 3/4. John~