VALENCE TECHNOLOGY (VLNC) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : VALENCE TECHNOLOGY (VLNC)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: MGV who wrote (3180)	6/29/1998 6:47:00 PM
From: Javelyn Bjoli	Read Replies (2) of 27311

They are down to $8.4M in cash. They are burning about $23M/year right now. That leaves them about 4-6 months to find some more money, or go into a tailspin of layoffs and cost reductions that may end in their selling off the technology or the company. They could still have production and customers by early to mid-1999 if their plan plays out, but they absolutely have to get cash (soon) from somewhere to stay in the game. Other than that, I'm starting to see glimmers of light that they will really release final samples to customers soon. The train is still on the track, but it is unclear whether the track will run out.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next