VALENCE TECHNOLOGY (VLNC) Message Board

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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: Larry Brubaker who wrote (12972)	7/9/1999 8:28:00 AM
From: Eli74	Read Replies (2) of 27311

Larry- A couple of comments re: your deferred revenue issue. 1) The 10-k is dated as of 3/28; the shipments to Hanil first came in late May (5/25 announcement) and late June (6/23 announcement). The cautionary language in the 10-k is understandable to me, given their history with lawsuits. 2) I would certainly characterize shipping nearly 20 miles of cathode "stuff" to be signficant; although we won't know the revenue until the end of this quarter, unless the company is giving it away, then we should start seeing any positive results until the company releases results for the current quarter sometime this fall. Guess you'll just have to be patient, Larry.

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