Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: MGV who wrote (3180)	6/29/1998 6:47:00 PM
From: Javelyn Bjoli	Read Replies (2) \| Respond to of 27311

They are down to $8.4M in cash. They are burning about $23M/year right now. That leaves them about 4-6 months to find some more money, or go into a tailspin of layoffs and cost reductions that may end in their selling off the technology or the company. They could still have production and customers by early to mid-1999 if their plan plays out, but they absolutely have to get cash (soon) from somewhere to stay in the game. Other than that, I'm starting to see glimmers of light that they will really release final samples to customers soon. The train is still on the track, but it is unclear whether the track will run out.

To: MGV who wrote (3180)	6/29/1998 9:40:00 PM
From: FMK	Read Replies (3) \| Respond to of 27311

Mark- Calm down! The 10k was intended to report the situation as it was at the end of March. At the time they were stumped by the laminate problem which was solved shortly thereafter. As you should be aware, there have been many positive developments in the last 3 months, including the prior version of the battery exceeding major OEM specs. According to my info, the new version is being tested by at least a dozen OEMs and there were some ready to buy the previous version. I was recently reminded that the purpose of a 10k is to report financial information and generally is packed with wording that prevents any lawsuits. I was also reminded that most individual investors would sell their Intel if they based their decisions on the 10K. It is my opinion that more than one source of financing is available that will be non-dilutive, that all the OEM's testing should conclude that the product is clearly the best available- 500 recharges at 3 cycles per day takes a few weeks to interpolate. Remember also that Don Wolanchuk has seen the production for himself! Regards, FMK

To: MGV who wrote (3180)	2/16/2002 7:50:34 PM
From: MGV	Respond to of 27311

The 10k is incredible. The company is nowhere near being ready to manufacture, let alone obtain a contract. I would not be surprised if you never hear from FMK again. "From its discussion with potential customers, the Company expects that customers will require an extensive qualification period once the customer receives its first commercial product off a production line. To date, the Company has not provided any such commercial product to any potential customer, and therefore, has not started any product qualification period." "In December 1997, the resignation of Calvin L. Reed, the Company's former Chairman of the Board, Chief Executive Officer, and President became effective. As had been previously announced, Mr. Lev M. Dawson then became the Chairman of the Board, Chief Executive Officer and President. In January 1998, the Company's former Executive Vice President, Worldwide Operations resigned and Joseph P. Hendrickson, who originally was hired as Vice President of Administration, became Senior Vice President, Operations. In January 1998, the Company's Vice President General Counsel, resigned. In June 1998, the Company's former Chief Technical Officer, Tibor Kalnoki-Kis, resigned, and Mr. Dawson assumed his responsibilities."