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Technology Stocks : VALENCE TECHNOLOGY (VLNC)
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To: FMK who wrote (5533)11/23/1998 11:07:00 AM
From: Larry Brubaker  Read Replies (1) of 27311
 
FMK: The Red Chip article stated that the capacity of the high speed lines was 7-8 million batteries per year (not 1 million per month) and estimated the price per battery at $8 (not $10).

Thanks for telling us why you have now reduced your estimated percentage of failure.

I might point out that none of these high speed lines had even been delivered to VLNC or Hanil as of the last conference call. Therefore, the fact that the building housing the Hanil plant is nearing completion does not drop my own estimate of VLNC's chances of not meeting the deadline for a variable rate conversion. After all, VLNC has had a building in NI for years.

The real question is whether they can make these lines work (and when), not whether Hanil can successfully build a building in Korea.
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