VALENCE TECHNOLOGY (VLNC) Message Board

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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: Larry Brubaker who wrote (12873)	7/7/1999 12:57:00 AM
From: Rich Wolf	Read Replies (2) of 27311

Larry, the comment by the COO regarding being able to be in the black in the fall quarter was not completely explained. He was responding to two overlapping questions from Mr. Covington, the first being the R+D expenditures for this and coming quarters (which have contained the capital expenditures), and the second being 'when would they be in the black?' Wright's response may have been more in the line of a response to the first ('ending this quarter') 'AND' a response to the second 'in the fall quarter;' not the causal connection implied by my paraphrasing of his responses to each of these questions, each of which have themselves been correctly quoted. That is, putting a 'so' instead of an 'and' between those two responses is my error, not his. I suppose there are many ancillary labor costs associated with the installation and debugging of new equipment, and this component of the burn rate would reduce as more of the factory was being run in an operational mode. However, I am unfamiliar with the various methods of cost accounting one would use for a startup versus an operational facility, and defer to others in these matters.

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