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Technology Stocks : VALENCE TECHNOLOGY (VLNC)
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To: Zeev Hed who wrote (19387)4/28/2000 1:43:00 AM
From: Larry Brubaker  Read Replies (4) of 27311
 
<<Right now, I am assuming that they still have $20 MM in
the bank, that should be good for two quarters.>>

Zeev, that assumption ignores the fact that VLNC had about $13 million in current liabilities at the time they received the $30 million. Depending on how quickly those short-term obligations had to be paid, VLNC may not have had $20 million in the bank a week after they received the $30 million.
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