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

To: P. Ramamoorthy who wrote (8973)	3/6/1999 12:29:00 PM
From: Larry Brubaker	Read Replies (1) \| Respond to of 27311

Guys, I really doubt we are looking at a secondary offering in the public markets like some seem to be suggesting. Such things require time to set up, investment bankers, a prospectus, etc., etc. I can't imagine there is time to do this by March 31. Secondary offerings are usually known well ahead of time. IMO, we are looking at another private placement. The question is whether it will be a simple sale of shares at a fixed price or whether it will be another variable-rate deal cooked up by the Wall Street financial architects.

To: P. Ramamoorthy who wrote (8973)	3/6/1999 1:04:00 PM
From: jim heger	Respond to of 27311

Hi guys - great to have met so many in Henderson The revival of finance question has caused me to recollect an incident from the AM. The fellow who asked the most questions (and who provoked a Lev grin when he described buying the stock because he heard on television that it would go up) sitting in the front row, asked Lev about burn rate. Lev replied "See that big guy over there", gesturing toward the 300 lb Carl Berg who stood alone at the sandwich table. Berg, sandwich in hand, smiled an acknowledgement (and put to rest for me questions about finances). A few others: Lev saying "We can still fail" less with conviction than with an appreciation of uncertainty. Lev discoursing long and emphatically about quality assurance, "If the first batch is junk, we're dead!" (His remarks on this pointed me to a longer time frame than seems to be the consensus - but that's just a guess) Lev responding "Don't have time" to a question about moving the hq. (I liked that - he's too busy getting those batteries ready) Lev repeating a question about CFO more loudly and redirecting it toward Berg and Shugart made me think that search is one Lev is not doing. My conclusion was that Lev was feeling the heat but that he will go no faster than he safely can. and that the next AM will be a ton of fun. jh