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

To: Mark Johnson who wrote (8002)	2/5/1999 5:00:00 PM
From: I. N. Vester	Read Replies (2) \| Respond to of 27311

Zeev: Lev discussed competition's cobalt technology for reasons which are extremely relevant to Vlnc shareholders. This was not inappropriate at all. Vlnc believes that their technology is far better than what the competition is making and that they have a very strong patent position protecting their advantages in battery chemistry and also in production and packaging. Their superior technology gives them the confidence that they will be market leaders. This is a big part of the story and your criticism of Lev for discussing it with shareholders is way off the mark.