VALENCE TECHNOLOGY (VLNC) Message Board

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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: shasta23 who wrote (1652)	12/10/1997 3:50:00 PM
From: mooter775	Read Replies (2) of 27311

I've too been beaten up by the slide today, and think it is primarily margin pressure related to statements by CR (to which a good friend of mind spoke today) that production startup is more likely to be mid to end of January (See post #1633) Apparently Company is still awaiting part of laminating portion of coating/laminating equipment In my opinion, there are three principal parts of the production process: (a) coating (b) laminating, and (c) manufacture or assembly. I think that the company feels that of the three processes (a) and (c) are the most difficult and have been essentially 'solved'. I think that we will have to wait on (b), and that the company feels that (b) will be solved, but we have a 4-6 week wait from earlier (mid-December) schedules. This stil implies a Q1 production startup, but has created uncertainty and perhaps lack of confidence in management's assertions regarding production schedules.

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