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

To: FMK who wrote (5141)	11/15/1998 6:04:00 PM
From: gvander	Respond to of 27311

economist.com I actually hope Valence goes up.

To: FMK who wrote (5141)	11/15/1998 6:06:00 PM
From: rory sohn	Respond to of 27311

Caught this over on Yahoo. Poster states at post #6767 that he read on a stock winners page that MCI may be in the market for a cellular phone company-Nextel??. Wouldn't that be a kicker if they do and they happen to need a supply of state of the art batteries! Looking for an attack on $9 this week.

To: FMK who wrote (5141)	11/15/1998 6:26:00 PM
From: Larry Brubaker	Read Replies (1) \| Respond to of 27311

Hi FMK: I am interested in your broker's comments that only a small percentage of companies using floorless convertibles end up failing. I've always assumed that such financing and failure (defined as a substantial decline in the stock price) go hand in hand. I noticed Zeev answered your question about this and provided several examples of companies whose share price has taken a hit after a floorless. I've provided others including one (FIBR) which took a dive shortly after a floorless financing by Castle Creek. Again, my perception that floorless means stock price declines is based on those instances that I've been personally aware of. I'm not personally aware of any instances in which such financings did not adversely impact the stock price. However, you quoted your broker as saying such financing results in failure about 5% of the time. For your broker to make such a statement, he or she must be aware of many examples in which such financing had no ill-effects on the company's stock price. Maybe you could talk to your broker and post a few examples? There must be dozens of examples if only a small percentage are adversely impacted.