VALENCE TECHNOLOGY (VLNC) Message Board

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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: Rich Wolf who wrote (18579)	3/7/2000 10:20:00 PM
From: Larry Brubaker	Read Replies (1) of 27311

<<That's right, Larry, I see the company as producing at a rate of $250 - $300M by next spring, with gross margins in excess of 50% once they are producing at the maximum rate.>> Rich, if you want to believe that VLNC's profits will be 6X projected revenue, that's fine by me. <<Check back next spring, we'll see who was closer.>> Fine by me. But it would be nice to see you acknowledge that you have already been wrong several times when we have chosen to disagree. Like last winter when you said major contracts were imminent and I pointed out the SEC filings indicated no products were for sale. Like last spring when you claimed Castle Creek would not short the stock and I suggested they were. Like last summer when you claimed they would break even last quarter and I found this highly improbable.

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