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

To: Zeev Hed who wrote (9306)	3/14/1999 1:09:00 PM
From: FMK	Read Replies (2) \| Respond to of 27311

Zeev, On the subject of exercising of 800+ March 5 calls last week. You made a specific effort to cast doubt on my sources of information. If you refer to a recent post by Mooter, you should note that the number of outstanding contracts decreased to 600 from about 1400. You seem very good at math. Is the difference about 800? Does this tell you anything about the accuracy of "my sources"? I will look forward to your conclusion, and perhaps some double talk such as an attempt to explain that the reduction in outstanding calls might have been for reasons other than someone taking delivery of the stock as I posted.