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

To: lws who wrote (6953)	1/10/1999 2:19:00 PM
From: MGV	Respond to of 27311

lws, Regarding institutional ownership, do you know who are the mutual funds owning VLNC and their positions? If the funds are at the bottom of fund rankings you would agree that there is no comfort to be drawn by any such evidence of institutional ownership. Can misery love company for long? Check their records before you cite them as evidence to support your argument. Regarding analysts at conference calls, VLNC at one time was followed by a number of firms. All of them dropped VLNC subsequent to well documented execution failures. More significant than sparse attendance by analysts is their unwillingness to recommend or even take the step to initate any coverage of VLNC. Consider that the reason may be connected to "credibility." Regarding your comments on short term prices versus LT value, I am left wondering if you were out drowning sorrows with pronichev last night. Do me a favor and don't try to categorize what you think I said about market philosophy. Starting with incorrect assumptions taints your entire analysis. Over the short term, the market can be highly inefficient. Sentiment, psychology, and emotion skew market valuations over the short term. Over the long term, real value tends to be realized. Regarding competition, both Sanyo and Sony are direct competitors in the advanced technology battery market. Each has management with demonstrated records of executing. It does not mean VLNC cannot execute. It does provide incremental evidence that VLNC has more than it can handle.

To: lws who wrote (6953)	1/10/1999 2:47:00 PM
From: Mark Johnson	Read Replies (1) \| Respond to of 27311

Gentlemen: I encourage all to cease dialogue with visnic. He is a very troubled angry individual. His stinging sarcastic vicious rebuttals of the same circular logic the other naysayers prescribe to, has become seriously redundant. Further interaction with visnic will only solicit a rabid response absent of any civility. Don't antagonize this sleepy dog. So lay off the poor fellow he has only got one oar!!

To: lws who wrote (6953)	1/10/1999 9:09:00 PM
From: Jacques Tenzel	Read Replies (6) \| Respond to of 27311

Institutional Investors as of Sept 30th: This is the last information available to me, and comes from StockSmart. That is also where I obtained the information that Bert Roberts bought an additional 10,000 shares on 12/29 and 12/30 making for a total holding of 30,000 shares. 31 Institutions hold 8.18% of the outstanding shares as of September 30,1998. Of these, 4 established new positions while 2 liquidated their holdings. Overall, Institutions increased their holdings by 3.41% for the period. Institutional Investors increased holdings for this period despite the fact that all the Small Cap Index funds that were holding VLNC had to sell their shares when it was VLNC was de-listed on the index. The top five institutions as of September 30th were: Dimensional Fund Advisors Inc with 942,800 shares Barclay Global Investors, N.A. with 350,228 shares The Vanguard Group with 115,600 shares Starbuck Tisdale & Associates with 108,800 shares State Street Bank & Tr. Co. Boston with 65,412 shares As soon as more up to date information is available I will post it. One should note that these are not flaky institutions and with the exception the Dimensional Fund, which sold an insignificant 4,700 shares, all have increased their holdings significantly for the period. Jacques