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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: John Curtis who wrote (4836)11/11/1998 2:23:00 PM
From: Greg Smith  Read Replies (2) of 27311
 
You did an excellent job on CC synopsis. I would just note these 2 questions/answers that probably rushed by as you took notes:

Q: I had assumed 2 lines would be going in Sept., 3 other lines before year-end. Wasn't that right?
LD: No, that's not correct. One line is installed (4x4) and we're operating it. Batteries look OK. Small line is on test next week, delayed from 9/23. There's another line for Korea. Then our 3rd, 4th and 5th lines are scheduled to be delivered (and here I think Lev gave some dates, but I missed them as I was scribbling -- did any one else catch them?).

Q: On last CC, each piece of line was working but not yet tested together. What's status now?
LD: I have to choose my words carefully. I am satisfied and fairly excited by our progress. Every part of the process is running at some meaningful percentage of capacity. And I am satisfied with our tests.

I think you got everything else.
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