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Technology Stocks : VALENCE TECHNOLOGY (VLNC)
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To: hcirteg who wrote (25375)2/15/2002 10:20:01 AM
From: I. N. Vester  Read Replies (1) of 27311
 
As a vlnc long, let me say Pogo is not worth a rat's ass.
The first shipment was 5k units. That's maybe $50k in
revenue for VLNC. Pays for a few days of expenses if
they have anything left after materials and shipping.

Steve Lee called the distributor and gave you a data
point on sales from at least one store and one sales
rep. He told you where the info came from.

In any case pls use your head. these are cell phone
batteries. remember? this is the market Lev didn't even
want to get into because you have to sell in the
millions of units to even start making any serious money
of the kind VLNC needs just to pay their bills. Pogo
sells 5k units in 2 months. 20-30 times that would still
be totally boring. 100 times that might be interesting if
you wanted to be in the cell phone business, that is.
you'd be just starting to get your foot in the door.
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