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

To: Herb Blair who wrote (5951)	12/14/1998 7:42:00 AM
From: jim heger	Respond to of 27311

Thanks, herb - Great way to start the week!

To: Herb Blair who wrote (5951)	12/14/1998 7:43:00 AM
From: hcirteg	Read Replies (1) \| Respond to of 27311

Herbert- If I were short, this is a BAD Monday morning. CC must have agreed to the new $$$ package for one reason...yes! GO VLNC! HC

To: Herb Blair who wrote (5951)	12/14/1998 9:05:00 AM
From: John Curtis	Read Replies (1) \| Respond to of 27311

Herbert: Thanks for the heads up. 'Tis looking better all the time; particularly regarding that section stating; "it has reached an agreement with its preferred stock investor to complete the second half of its $15 million preferred stock financing and to eliminate the variable conversion price on the existing $7.5 million preferred. The investor, an affiliate of Castle Creek Partners, L.L.C., a Chicago-based technology investor, has waived the milestone contingencies previously required to complete this investment." Hmmmm....let's see....elimination of the variable conversion price on the EXISTING $7.5......and a waiver on the previously required milestones.....me thinks this must mean that from Castle Creeks point of view they're satisfied with VLNC and think they'll make it! Now let's see how today goes, eh? John~

To: Herb Blair who wrote (5951)	12/14/1998 9:46:00 AM
From: john t. brice	Respond to of 27311

Great work Herbert, I may be extrapolating a little bit, but I would say that CC could very well have been one of the visitors to NI plant. If that is the case it would mean that Levs' credibility gets a big shot in the arm concerning the impression the visit had on the analysts. duckster