VALENCE TECHNOLOGY (VLNC) Message Board

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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: Zeev Hed who wrote (20756)	8/1/2000 11:00:47 PM
From: I. N. Vester	Read Replies (2) of 27311

Zeev, revenues will double this quarter and close to double again in the following quarter. I'm looking foward to hearing of increasing volumes in shipments to Qualcom and starting of shipments to the other 2 orders in the current quarter. I see that they have $17M ($27M-$10M current assets minus current liabilities). Add the $12.5M line of credit (your analysis shows that they only used the $12.5 stock proceeds and have not yet tapped the loan). That's $30M without a $ (not even an Irish Pound) from the IDB monies. Do you have any idea of the amounts due from the IDB? I hope to hear more details on the IDB disbursements tomorrow, but i already know their finances are far more secure than you think they are, including as Paul K. pointed out, plans to take delivery of another monster machine in the next several months. Production is ramping into 3rd gear on schedule and I'm expecting a very satisfying progress report tomorrow.

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