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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: Dennis V. who wrote (16954)12/12/1999 4:14:00 PM
From: Larry Brubaker  Read Replies (3) of 27311
 
Dennis, I don't think I am confused. This thread clearly got the impression that VLNC would break even on cash during the current quarter based on orders from Hanil and Alliant alone. I didn't believe it then and don't believe it now.

A separate question is whether a $40 million run rate will be sufficient to get them to break even, as has been attributed to company management. As I said, I also find this very overoptimistic.

A previous poster accuses me of picking nits. The way I see it, the steady stream of unfulfilled projections attributed to company management over the years leads me to question the credibility of company management. Presuming at least some of these projections did, in fact, originate with company management. I don't consider the issue of management credibility to be one of picking nits.
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