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

To: Mark Johnson who wrote (9477)	3/17/1999 10:35:00 PM
From: Rich Wolf	Read Replies (2) \| Respond to of 27311

SEC S-8 filed today: 410,000 more stock options for non-employee directors. Excerpt: "You have requested our opinion with respect to certain matters in connection with the filing by Valence Technology, Inc. (the "Company") of a Registration Statement on Form S-8 (the "Registration Statement") with the Securities and Exchange Commission covering the offering of up to 410,000 shares of the Company's Common Stock, $.001 par value (the "Shares"), pursuant to its 1996 Non-Employee Directors' Stock Option Plan (the "Plan"). (etc etc) We consent to the filing of this opinion as an exhibit to the Registration Statement. Very truly yours, COOLEY GODWARD LLP " ------------------------------------------------- Guess SOMEONE thinks the stock will be worth something (!). I recall that the last set of employee stock options were priced at over $7.5/share, earlier this winter.