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

To: Mark Adams who wrote (2786)	5/4/1998 1:31:00 PM
From: DKR	Read Replies (1) \| Respond to of 27311

Actually that info was released at least two weeks ago by Red Chip. My impression of the analyst at Red Chip is that he was frustrated with the lack of communication with the company. We all recognize that cash "burn rate" is an important issue (it always has been) and will remain an issue until a contract is announced. The analyst seemed particularly concerned that he was not aware of the move of equipment to Henderson, when it was decided upon several weeks before the conference call.