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Technology Stocks : VALENCE TECHNOLOGY (VLNC)
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To: Chisy who wrote (12448)6/28/1999 7:11:00 PM
From: I. N. Vester  Read Replies (2) of 27311
 
CC remarks about moving into the black:

I'm trying to remember exactly how this was
expressed and get the right quarter. Fellow
CC listeners, please correct me if I don't
remember this quite correctly (did not take
any notes as I expected to be able to hear
the replay via vcall).

I believe that Roy Wright stated that they
would be in the red for 2 more quarters (i
think this refered to the quarter ending in
June and the quarter ending in Sept)
getting into the black. I also believe that the
statement was that the Hanil and Alliant orders
alone would be enough to get them into the
black by the quater ending in December.

I believe that this was a very clear statement
indicating the strength of their business even
without any new orders.

I am also very relieved because one of
the largest risk factors has been the reliance on
Lev Dawson alone. If Lev had died in a plane crash
3 months ago, it probably would have meant a 3-6
month setback. It sounds to me that Roy Wright
and the rest of the management team are now on
board and the programs are in place enough that
even if Lev dies in a plane crash tomorrow, the
company will survive and thrive pretty much on the
present course.

I am more confident than ever that the shorts and
net bullshitters can blow smoke up their asses all
they want, but they cannot make the US
Government approved Valence batteries disappear!

The next CC in 6 weeks might be too soon for the
real fun to begin, but after that they are going
to be more and more enjoyable.

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