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

To: john t. brice who wrote (8244)	2/12/1999 3:48:00 PM
From: Rich Wolf	Respond to of 27311

My notes, too, showed Prudential, Smith-Barney, and CIBC Oppenheimer. Their questions pretty much hit the high points, too. I had signed off, but then a friend told me he'd stayed on the line, and after the call was over, Lev was still on the speakerphone, disappointed that there were no more questions!! Anyone else hear that?

To: john t. brice who wrote (8244)	2/12/1999 3:56:00 PM
From: Rich Wolf	Read Replies (1) \| Respond to of 27311

Safety issue: While Lev had prefaced his comments with a statement that the company would make no pronouncements of status (testing, line installation, etc.) that were not otherwise 'independently verifiable,' he then did make the following claims about their product: He said their manganese oxide technology allowed them to make a 'safe and large battery,' and this contrasted with their competitors' cobalt formulations. He also said that because of the safety issues, their competitors' cobalt based lithium polymer batteries 'cannot be put in a (polymer?) bag,' like the Valence product can. This seems to imply that he does not consider that there will be special packaging necessary to attain UL safety approval. He further stated that again, because of safety issues, their competitors' batteries will be 'limited in size,' but that their (Valence's) product 'is not size limited.' So he doesn't want to answer direct questions, yet provides guidance that implies he's comfortable putting his product in the marketplace, vis-a-vis the safety issues.