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

To: Larry Brubaker who wrote (8172)	2/10/1999 11:03:00 PM
From: Mark Johnson	Respond to of 27311

115,436 Batteries from Northern IR StarTAC Line of samples. Sounds good to me! From Yahoo: In my msg # 8857 and 8863 I discussed a "cell" (battery?) that was demonstrated for use in the MOT cellphone. I commented on the production sequence number 115,436 which came off the NI line (the 4x4's on display came off the Henderson line). To my non-technical mind I would think that the fact VLNC has produced, in some fashion and at some point in time, over 115,000 of these items, should be of some basis for discussion. After all, how much testing do OEMs do? Is this an unusual number to produce without having a PO.

To: Larry Brubaker who wrote (8172)	2/11/1999 1:21:00 AM
From: Rich Wolf	Read Replies (1) \| Respond to of 27311

Larry, with all your talk of how little money they have, and how fast they're spending it, you're neglecting the main issue: What is it being spent on? Capital expenses, setting up the factory that is their reason for existence. Listening to you, one would feel it's just so much sand disappearing into a sinkhole, never to be seen again. My job seems to be to focus your attention on the fact that they're hurtling headlong into full-scale production, whether we like it or not. The Board probably understands the financing concerns in greater detail than you or me, and yet Bert Roberts is busy buying shares on the open market. Perhaps he's not worried about those shares being massively diluted by a death spiral of floorless conversion, or he'd be waiting to buy later, after the 'fall.' Did you notice how the last set of 'floorless convertible junk' turned into a swan, convertible at the fixed rate? I'll comfortably wager you that that will happen with the current set, as well. Lev is running a 'lean ship,' back home in Henderson. If you'd made the shareholder's meeting, and survived the arm-wrestle with Mark, you'd have seen in the video what all these millions are being spent on. Hope you can make the next one. .... And don't wait too long to buy back in, you're always welcome. PS I did hear Carl Berg say 'Don't worry about money.' But that's just a rumor, so don't believe it.