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: John Curtis who wrote (4306)	9/30/1998 9:57:00 AM
From: lws	Read Replies (1) \| Respond to of 27311

Vis the Henderson facility: I'm inclined to think the facility is leased because I recall one of the benefits to Valence from the Delphi alliance was that Delphi paid the $50,000/month rent on the building they (then) shared. Of course I might be wrong about that, or something might have changed since, but I have to doubt that Valence would have ever bought the building. Ceteris paribus, bad use of capital...

To: John Curtis who wrote (4306)	10/1/1998 11:11:00 AM
From: mooter775	Read Replies (2) \| Respond to of 27311

If the rumors are correct that one of the reasons DA left the company was that nearly all operating personnel were to be relocated to NI, then the question remaining are (1) what is the most appropriate use of the remaining space in Henderson for R & D?, (2) could those resources be more efficiently relocated to another place, (3) does Valence have ownership of any fixed assets which could be sold and more efficiently utilized, after relocating expense, elsewhere?? I seem to recall that at least a portion of the facilities in Henderson were owned and with the GM Delphi operation moving elsewhere, there were some savings to be made from reorganizing/relocating the Henderson facilities. This, to me, is a reasonable question on the next conference call, but a helluva less important the what is going on in NI - and the insider buying indicates to me, at least, that the company has little risk of nonperformance prior to the 1/27/99 financing deadling.