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Technology Stocks : VALENCE TECHNOLOGY (VLNC)
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To: Emmo who wrote (99)2/20/1997 10:17:00 PM
From: FMK   of 27311
 
Emmo, Thanks for the comparison, I would certainly enjoy Warren's kind of success, and I haven't stopped doing my homework. I just spoke with a fund mgr who will visit the plant around the 18th or 19th of March. He expects to see finished product coming off the line. I heard they were running scrap materials for testing. A question was raised as to why the first line was significantly slower.

It makes sense to start slowly (1st line is 1/3 speed of lines 2-4) and to pick up speed after you get it right. For a new process it's normal to have several problems to work on at a time. You must run the machinery to find them and its easier at a slower speed.

As I said in a prior post, the caliber on the management becomes apparent as it all starts coming together. We are fortunate to have some seasoned veterans, including two who started Seagate!
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