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

To: Tickertype who wrote (3193)	6/29/1998 11:41:00 PM
From: MGV	Respond to of 27311

You wrote: "Those of you who who have panicked as a result of the 10K need not read it." My view is simply that all MUST read the 10k for themselves. Don't let someone else explain to you what they (including me) think it says. My purpose in posting excerpts is to provide an idea of what the report contains contrary to the statements that have been posted here. The critical language is not merely boilerplate. The SEC requires substantive language in 10ks and this 10k is no different. Boilerplate is intended to obfuscate. Read the 10k for yourself and the boilerplate should jump out. The rest is what you are entitled by law to know. Companies are not required by law to represent dire circumstances in 10ks where they do not exist. Words such as "panic," "stay calm." etc. are out of place. There should be no panic, just opportunity to judge for yourself.

To: Tickertype who wrote (3193)	6/29/1998 11:55:00 PM
From: Mark Johnson	Respond to of 27311

The 10-k is written by lawyers for lawyers. After what happened years ago Lev is bound to paint worst case scenarios through advise from company attorneys. What happens if Valence unloads grouund breaking technology and the stock moves to $50.00 per share. Then ulbi releases news they have better technology and Valence stock re-tracks to $10.00 per share. Here come the shareholder lawsuits. Didn't you read the 10-k, it states battery competition is intense. And so on and so on. This guy is crying wolf jumping to conclusions in a very naive way. If we all took 10-k disclaimers at face value no one would be invested in stocks mutual funds etc...