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

To: lws who wrote (2545)	4/1/1998 4:23:00 PM
From: I. N. Vester	Read Replies (3) \| Respond to of 27311

For late phases of development, 3 months is forever. The reason i keep saying call the &%##$$'s is because THEY THEMSELVES PROMISED to be more responsive, as well as that fact that this company is NOT a mature business, and needs to be in the 'home stretch', and in fact seems to be continuing to slip schedules. If you ever act in a project management capacity, let me give you one clue: do NOT go around once every 3 months checking status. I never said 'call them every day'. I said that DA promised me status before the end of march, i.e 6 weeks from the prior press release. At this point if you only care about hearing every 3 months, I think you're being a bit foolish. I was willing to accept once in six weeks (tho DA told me they felt MONTHLY updates were appropriate). If management states that it will do a better job of keeping shareholders informed at more frequent intervals and then fails to do so, you can feel sorry for those nice fellows if you want. Personally i take it as a wake up call that you cannot take them at their word, and if they have nothing to say, it's not because they just want to give us a big positive surprise 6 weeks from now with all the good news.

To: lws who wrote (2545)	4/1/1998 4:57:00 PM
From: bigcue	Read Replies (1) \| Respond to of 27311

lws Congratulations on a very well written and objective commentary. While I agree with 99% of your statement, I do take issue with three points: 1. "..I worry that continuous attempts to push DA and the other Valence management into returning phone calls, making more public progress reports, and approving trips to NI and such will ultimately become regarded as pestering distractions from the work at hand"; 2. "..I have to think that at some point my exasperation would be so great that I'd never reply to anyone.."and; 3. "..we owe them the patience and understanding required of those who (voluntarily) invest in speculative ventures." Let me address issue #3 first. I purchased this stock 5 1/2 years ago. When I made my bid I was told the stock had jumped $5 per shares from the previous close. I purchased at 25 3/4. I no longer have patience with "them". By the way, Montgomery Securities forecast $500 million in sales in 1997. Where did that hype come from? Issue # 1: Pestering? I think not. I guess if you really want to find out what is going on in NI you can always e-mail Philip Lucas, Economics Development Director, Antrim Borough Council. The council oversees Inward Investment companies in the Borough. Valence is an Inward Investment company within their geographical purview. Issue # 2: If LD or DA feel that way then the company should never have gone public and have to answer to stockholders. I would go public too if the 1 March 1993 article in Forbes magazine was correct "Lev Dawson,chief executive and second-largest shareholder (with a stake now worth $67 million)..." I believe that, despite management's probable concerns over misstatements, they do owe long suffering stockholders updates on projections made a mere 6 weeks ago. If you can't forecast six weeks in advance what your company WILL be doing, then maybe, just maybe, we're not going anywhere.

To: lws who wrote (2545)	4/1/1998 5:52:00 PM
From: J. M. Burr	Read Replies (2) \| Respond to of 27311

LWS: Everyone "pushing" has a perfect right to do so. One significant announcement in five months indicates this is a company that doesn't give a tinker's dam about the small investor. And enough of that merde that any announcement might provide competition a leg-up, people have been saying that for five years. Honesty is the hallmark of good companies, and this baby is a mustang that does not take kindly to the bit -- and there are damned good reasons to ask why. Tubleweed.

To: lws who wrote (2545)	4/2/1998 9:19:00 AM
From: John Curtis	Read Replies (1) \| Respond to of 27311

LWS: Your points are well taken. I certainly cannot, and will not, argue with them. But perhaps your tactic of showing up on the 'ol doorstep is the best one to employ, eh? Based on the time's clients have shown up at one of my corporations branch offices unannounced I can tell ya it most certainly is an attention grabber. Heh!! Is it a distraction? Yep, you bet. But invariably I've found that once handled(as in your case), it pay's off nicely for the client(they feel soothed) and for the company(they earn P.R. points). It's just a shame a client has to sometimes resort to that tactic. I will admit that people can get buried in the day to day activity, and this is particularly true of a start-up concern, thus either forgetting to meet all published commitments, or making a "prioritized" decision that some commitments are of lower order than others. So it goes in the business jungle. I most certainly would expect them to keep their head on the ball at this point, that's for sure. Still, your points have high value. Regards! John~