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

To: Larry Brubaker who wrote (7384)	1/23/1999 1:18:00 PM
From: MGV	Read Replies (2) \| Respond to of 27311

No matter how you count them, the sale of 30,000 shares less than a month ago speaks volumes about his view of the likelihood of imminent commercial success. Time is a critical factor for two reasons: financial status of the company and the ferociousness of competition with distribution, R&D, and production superiority. The comparisons to other small companies who beat deeper pockets doesnt stand up to scrutiny in this case. The key difference here is the availability of the Bellcore technology. This isn't Jobs and Wozniak in a garage and it isn't an obscure item such as a "disk operating system" in 1983. IBM didn't see the significance of it. Sony and Matsushita do and have for quite some time.

To: Larry Brubaker who wrote (7384)	1/23/1999 1:31:00 PM
From: Jacques Tenzel	Read Replies (2) \| Respond to of 27311

From StockSmart I obtain the following information: Archiabald disposed of 4,353 shares on 12/2/98 at $10.31. This was the same number of shares that he acquired on that date from options at $8.88. He also sold 15,143 shares on 11/9/98, for $8.25 the same day he acquired the same number of options. However the number of shares he holds has been increasing during this period of time. He now is reported to hold 106,436 shares which is significantly up from the last number that I saw which was 35,000. Jacques