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Technology Stocks : VALENCE TECHNOLOGY (VLNC)
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To: mooter775 who wrote (16908)12/10/1999 10:30:00 PM
From: Larry Brubaker  Read Replies (2) of 27311
 
<<I continue to believe these orders will surprise them both as to their timing (pretty soon now,) their diversity (not just cellphone orders), and their size (larger than anything announced to date.)>>

Now that seems a bit optimistic given that Lev in November said their production capacity is $40 million per year. Assuming they can actually produce at that rate, they've already used up close to half of it with the first two orders.

You would think, based on Lev's statements, that they would have to complete a sizeable financing in order to purchase the equipment to get them above the $40 million capacity that Lev mentioned in November. Remember, the next increment mentioned, $80 million, was not anticipated until late next year.
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