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Technology Stocks : VALENCE TECHNOLOGY (VLNC)
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To: Larry Brubaker who wrote (5950)12/14/1998 11:34:00 AM
From: mooter775  Read Replies (2) of 27311
 
Yes, I think 4 million laptops is too high for line 1 and 1.2 million is too low. I'm personally comfortable with an estimate that (1) the company on its line 1 can produce > 2.0 million laptop batteries, and (2) the market will indeed absorb this amount.

I am still a comfortable long - very comfortable, given this morning's announcement , of the change in financing terms of the Castle Creek deal.

FWIW, and although one can only lose credibility by making a prediction,I think Valence will indeed announce a contract soon and the operating leverage in the business will really surprise investors.

I was going to save the following quotation for "'Ol Darkgreen", but what the hell: "No one can walk backward into the future."

Hergenheimer
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