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

To: kolo55 who wrote (9747)	3/23/1999 2:31:00 PM
From: MGV	Respond to of 27311

Very few companies report year end results in 2-3 weeks. Flat out wrong. Most companies with quarters ending on 3/31 will present reports and CCs by the end of April. I guess they wait until late in the filing period, so that after the report release, they can give better recent status reports in the conference call. This makes no sense. Information, in general, is more valuable to investors sooner rather than later. If a material event occurs to change status, the management can and should call another CC for it as well. Usually these companies reports are fairly predictable anyways, from the previous reports and the cash burn rate. Klemencic's gross generalizations can be costly. In this case, VLNC's B/S and, more specifically, its cash level, are critical issues. The burn rate apparently is anything but predictable to shareholders now. The cost of being wrong about the burn rate given the financial condition is very high. To read something sinister into filing late in the reporting period, is overstating the impact of this issue. Sinister is one thing. Systematic evidence of shareholder disregard and management execution slip ups are quite another. It is the latter, not the former, that is an issue. Valence reporting practice is similar to most speculative stocks in this situation. Do not take Klemencic's word on this point. As with most performance issues, there exists a bell curve range of performance. Successful companies with sound finances and financial reporting practices compare favorably to VLNC's reports. For the record, VLNC is under water on a price performance basis since 6/29. Read those reports!

To: kolo55 who wrote (9747)	3/23/1999 9:07:00 PM
From: Mark Johnson	Respond to of 27311

Paul: Thanks for your recent contributions. I know the insubstantial, amateurish rhetoric from the naysayers is a tedious chore to wade through, but "mil gracias" for your levelheaded analysis. MJ