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Technology Stocks : VALENCE TECHNOLOGY (VLNC)
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To: Herb Blair who wrote (4808)11/11/1998 8:54:00 AM
From: Paul Dubsky  Read Replies (2) of 27311
 
Earnings Release

Nothing jumps out, other than two liability items, deferred revenue and IBD grant. This tells me that VLNC has received money in advance that has yet to be recognized as revenue (once product is delivered) and that has yet to be realized as "other income" (IDB grant) unpon the successful completion of milestones contained in their Northern Ireland deal.

However, it does tell me that they're far enough along to receive money and that recognition of these items is only a timing issue (not if, but when!)

Other thoughts?
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