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

To: Rich Wolf who wrote (8154)	2/10/1999 5:33:00 PM
From: add	Read Replies (3) \| Respond to of 27311

In the filing, The financing still looks tight, March is almost here. Valence will not get any more grants from IDB until it achieves $4M. in revenue. So the near-term goal has to be a contract and delivery of $4 Million. The thing that was bothersome was that it said no product meets all the customer specifications and thus no products are for sale. I wish we had the statement in hand before the meeting. I would have liked to ask exactly what is still required to have products for sale.