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Technology Stocks : VALENCE TECHNOLOGY (VLNC)
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To: FMK who wrote (2273)2/20/1998 10:50:00 AM
From: Larry Brubaker   of 27311
 
FMK: I hope you are right about how close they are to production.

Something I am wondering about is how accurate the production capacity figures we have been working with will turn out to be. They were based on the capacity of the various production lines. Now, LD tells us that "production lines" is a misconception, and didn't seem to want to stand behind statements previously made by Cal Reed.

With the move of "redundant" equipment to Henderson, Lev's reference to "production lines" as a misnomer, and Lev's disavowal of claims made by CR, I guess my biggest question is what is the ultimate production capacity of the equipment they now have installed in NI and in Henderson, and/or equipment that is now on order?

As far as the near term stock price, it probably depends on the actions of some of the several money managers who were asking questions at the CC. None of them sounded very happy. On the other hand, they may not be anxious to sell at current levels either.
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