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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: mooter775 who wrote (16025)11/12/1999 9:45:00 PM
From: Larry Brubaker  Read Replies (1) of 27311
 
<<Conversations with management indicate that they continue to feel that they are on track to have roughly $ 250 mm of capacity on stream by the end of 2000.>>

Mooter, don't you think you should wait more than one day after the conference call before you start "reinterpreting" what they said?

To repeat, Lev said they can get to a $40 million run rate soon (with a little more equipment), they expect to get to the $70 to $80 million run rate in late 2000, and $250 million the following year (requiring additional investment). The following year means 2001, mooter, not by the end of 2000.

Are you telling us that Lev is telling you something different in private than what he said during yesterday's conference call?
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