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

To: Gordon Quickstad who wrote (2743)	4/25/1998 10:53:00 PM
From: Emmo	Respond to of 27311

This stock is like the prisoners dilemma. You know, two suspects are being interviewed by the police in seperate rooms. If both keep quiet then they both go free. But if one talks and the other doesn't then the one who talks goes free. What almost always happens is that both talk and they both go to jail. Now in my mind, if both sides keep quiet then it's a good thing over here. Because no news is good news. Remember, anything they change on the test line in Henderson has to go through several months of testing. i.e. charge and discharge, stability, reliability and safety. I would be real nervous of any announcement that comes out too soon. So they appear to be on track because tests in no way could take less than 90 days from when they make a change in the process. The lucky ones and the pro's may be able to time this one just before they announce. I 'm neither so I have to wait.

To: Gordon Quickstad who wrote (2743)	4/26/1998 1:08:00 PM
From: Larry Brubaker	Read Replies (1) \| Respond to of 27311

Gordon: Last weekend I mentioned Second Opinion (a T/A service) had put out a strong buy on VLNC. This weekend, Second Opinion, which still officially rates the stock a buy, mentions "mildly deteriorating conditions," and says that holders of the stock should not initiate a new position. Looks to me like the stock is going to stay in a fairly narrow trading range until more fundamental information becomes available. I would assume, since the last conference call was Feb. 17, the next will be about mid-May, or about 3 weeks away. Just my guess, but prior to the last conference call, we saw a bit of a speculative runup, because people thought the conference call might confirm the prior expectation that production would begin in the 1st quarter. Should there be an absence of news prior to the next conference call, I wouldn't be surprised to see weakness going into the call, because the lack of news might cause the perception to be the next conference call confirming a lack of progress.