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Technology Stocks : VALENCE TECHNOLOGY (VLNC)
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To: Rich Wolf who wrote (12516)6/30/1999 8:33:00 AM
From: William Epstein  Read Replies (2) of 27311
 
Rich Wolf;

Sorry I did misread the post. I was referring to Steve Whelan of Prudential. The post I answered had both names side by side. It was easy to do. We could all stand a little more financial education, couldn't we? I hope the Fed. doesn't pull the interest rate trigger too hard today. Since you do have engineering degrees and engineers are not usually, given to hyperbole and are generally pretty sane, I would like to ask some questions. What do you make of the disclaimers in the S 2 statement about a second production line being necessary, in order, to ramp up for production and that this line won't be in operation until much later this year? Also, strong hints that because the first line is a prototype they are not really ready to produce large orders profitably with the one, current line in operation? None of it would surprise me if it is true. I have been posting for two months now, warning that just this kind of endemic problem would and should appear. I have been warned that they may not have solved their problems of production efficiencies (waste) in each of the many steps during production and this is one of the problems they need to solve before they can really spend for installation of a second production line, which makes sense to me. I will have to assume that they can solve their employment problem in NI.
Bill
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