VALENCE TECHNOLOGY (VLNC) Message Board

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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: Zeev Hed who wrote (14259)	9/3/1999 7:19:00 PM
From: I. N. Vester	Read Replies (1) of 27311

Zeev, last quarter's expenses included materials costs for orders being shipped this quarter to Hanil and Alliant. Also, given the statement by Roy Wright that he expected to break even on a cash flow basis this current quarter just with the booked orders to Hanil and Alliant, I suspect that your numbers are overly pessimistic. I have to give you an A+ for effort, tho. "The floorless will kill you. The market price share issuance helps CC. The price isn't going down because of CC shorting, it's going down because the financial model values the stock at $6". You have us covered coming and going! Well, better stick with ULBI since this proposition doesn't look good to you. But thanks for giving us all your valuable time! It was worth everything we paid for it.

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