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

To: Dennis who wrote (5904)	12/11/1998 11:03:00 PM
From: Jay Lowe	Respond to of 27311

Thanks for personal report, Dennis. Does anyone have a copy of the Darnell report? Is it useful? What are the LIpoly forecast numbers? Does anyone have further clarification on what units have been sampled to what OEMs? Last I have in my notes (from CC-2, I think) is that 2 OEMs have definitely sampled + "about a dozen" others (Lev) ... these are the "limited production" units ... has the company made a statement about sampling out units from the NI line? I'm trying to get a handle on where we are in the eval process ... I know, I know ... idle hands ...

To: Dennis who wrote (5904)	12/12/1998 1:23:00 AM
From: jean1057	Respond to of 27311

Dennis , thanks for your report....encouraging to hear that 270 people are working in NI....what I did not really understand was his statement" that there is always risk involved with every start up company "...I remember from the CC that they were at the "cusp" of mass production??? are we further away from that or from a contract than many of us (including me ) have anticipated??? "the company is well on its way"...that sounds familiar, not very encouraging for the short term....or am I reading the comments too negative??? I am getting a bit impatient...I have a pretty large position (for my standards) in VLNC....for many years....but I am not willing to wait another year.....too much money blocked....seeing how other stocks fly around........what is your take, after the conversation with Lev...?? another waiting story...?? or do you think we are at the "cusp"....thanks for your work again...very much appreciated....

To: Dennis who wrote (5904)	12/12/1998 2:25:00 AM
From: Tickertype	Respond to of 27311

Dennis, your post wins the best of the month award, hands down, IMO. I was particularly pleased to see that Lev said the line ran at full speed during the analyst visit. It's nice to get something from the horse's mouth every once in a while, among all the guessing and speculating that goes on here. It all sounds very favorable to me - the comment about there still being some risk is the kind of caveat I'd expect him to add, just as he does on the cc's. Many thanks for the post. - T -

To: Dennis who wrote (5904)	12/12/1998 8:30:00 AM
From: Pronichev	Read Replies (1) \| Respond to of 27311

THANK YOU DENNIS!!

To: Dennis who wrote (5904)	12/12/1998 10:35:00 AM
From: John Curtis	Read Replies (3) \| Respond to of 27311

Dennis: EXECELLENT!! You sure you're not a reporter? Very professionally done. And verifiable(uh, this I haven't done yet), too!! My view on this development is simple. He gave you the time. He may have just provided himself more corporate goodwill than he could know(unless he knew you would post his commentary and if he did know this and spoke anyway then it SCREAMS the obvious, eh?). Me thinks Christy is gonna be a busy lady come Monday. Hmmmmmmm.....very interesting, thanks again Dennis!! Regards! John~

To: Dennis who wrote (5904)	12/12/1998 11:05:00 AM
From: jim heger	Respond to of 27311

nice job, Dennis. So Lev said that he "wouldn't in a million years" have ordered new equipment if he thought there was a chance of failure. I sure like the way he expressed that capital expenditure. jh

To: Dennis who wrote (5904)	12/12/1998 12:01:00 PM
From: Harold Hertzfeld	Read Replies (1) \| Respond to of 27311

There must have been a change in thinking as to disclosure to the stockholders recently. I, too, talked to Betsy last week and was startled at her willingness to answer questions. Knowing that she has been held under tight constraints in the past it did hint that --hopefully--Valence was much more sure of their status as a "real company" than in the past. Her are a few other recollections (hopefully correct since I did not did not take notes) (1) There were a production problem that was serious. A "slicing " problem. I think that it could be somewhat similar to the baking of a sheet of sweet rolls in the oven... substitute battery cells... and the slicing of these cells into separate units. This problem is evidently has been solved. Other production problems are small and can be "tweaked" by Lev in the next few visits. (2) There were a a handful --I heard both 4 and 5 in previous converstations immediately prior to the trip on Dec. 3--of institutional investors that took the trip. She said that Don W was not one of them. Nor was FMK (but she also said that she did not know who FMK was.) Some analysts had cancelled. But there had been recently several calls from people that she has not heard from in years and indicated another trip was in the works. (3) These investors saw Line 1 running at "high speed". Thanks to FMK I could sound knowledgeable about battery production. I asked her if battery production speed was 7 per minute. She did not directly answer...only repeated that it was at high speed and the visitors were most impressed. (4) I asked about the samples going to OMEs. She said that the batteries were coming off Line 1 to 25 OEMs I said that I assumed that if they were now NI batteries that the OEMs must have some degree of confidence that the batteries could be made in sufficient quantityto make the testing worthwhile. I do not recall her response butit was in no sense discouraging. But testing will take longer (5) Asked her about price of stock...Said that Lev thought it might be pushed down" to 6.....but no lower". I think that this is simply a market call by him. (6) She brought up stockholders meeting in January. Indicated that stockholders would see tape of NI production line. Sounded excited. She said a major risk is that the OEMs would be satisfied with the level of technology that OEMS found on the prototype hand made samples tested earlier this year and that the OEMs are in control of the timing of the possible POs to Valence. (7) Comment on price action of stock.. The move to 11 was a typical "fakeout" for Valence. I even bought some there for my own account. The recent price move to 8 "and holding " is encouraging. I keep having to remind myself of the Wall Street adage... " Let the sleeping dog lie." (I am hanging in there.)