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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: FMK who wrote (6306)12/27/1998 2:25:00 AM
From: Larry Brubaker  Read Replies (2) of 27311
 
<<There have been extensive modifications, but it was producing 5 laptop batteries per minute at reduced speed as reported by Lev during the August 12 Conference call.>>

Go back and reread your notes, Fred. Lev did not say Line 1 was producing 5 batteries per minute, he said it was capable of producing 5 cells per minute.

There is a big difference between producing and capable of producing.

The first time Lev even acknowledged Line 1 was running was the November CC when he said that all the pieces of the line were running at "some speed."
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