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Technology Stocks : VALENCE TECHNOLOGY (VLNC)
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To: Larry Brubaker who wrote (16049)11/12/1999 10:29:00 PM
From: mooter775  Read Replies (1) of 27311
 
No, not at all, Larry. Capacity on stream is not run-rate. Capacity on stream is equipment installed. Run-rate is annualized 'current' rate of shipment.

My understanding is that the company can today produce at a $ 40 mm or so run rate, expects to increase that to the $ 80 mm or so run rate by calendar Q4 2000 with the addition of several millions in capital, but also have in place at the end of 2000 time sufficient capacity to produce in 2001 at a run rate of $ 200 - $ 250 mm. Is that not your understanding as well?

I do think they are looking at ways to increase their interim 2000 run rate, however, but this was certainly neither stated nor inferred in the conference call.

What I do also think will happen is that we will see additional significant orders over the coming weeks, both directly from NI, in concert with Hanil, and perhaps directly from Hanil.
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