VALENCE TECHNOLOGY (VLNC) Message Board

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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: Zeev Hed who wrote (16968)	12/14/1999 1:08:00 AM
From: Larry Brubaker	Read Replies (2) of 27311

<<Since the market is so generous relative to forward looking PSR's sometime next year a PSR of 3 on 2001 sales hopes of $250 MM justifies a higher price.>> Zeev, when you consider the fact that the current number of fully-diluted number shares is about 37.7 million, the stock is valued at 3X 2001 hypothetical sales of $250 million at a price of $20. So we've already seen this level of market genorousity, based on $17 million worth of orders. Assuming $250 million of sales in 2001 seems a bit optimistic, given the current unproven run rate is $40 million, the CEO did not expect an $80 million run rate until late this year, and the $250 million was simply mentioned for "the following year." Not January 1 of the following year. But hey, given the way practically every story stock is running up lately, why not assume 4X 2001 hypothetical sales? That would get us to $27:-)

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