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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: john t. brice who wrote (6719)1/4/1999 6:01:00 PM
From: FMK  Read Replies (2) of 27311
 
Duckster, I just noticed your post. What else have I forgotten? In my overall earnings estimates I neglected to mention the $37+million due from the NI government after the first $4 mln in product is shipped, nor did I mention $120+mln of tax losses carried forward that would shelter the first chunk of revenue from U.S. taxes. I may have missed more on both sides of the equation, and that's why I took the trouble to itemize my list so it was clear where my numbers were coming from.

My apologies for being a little intense lately. It's probably because of how strongly I feel about the effect of the improved financing. IMO it was a strong positive and should have diminished worries. Instead we had a panic selloff due largely to poor wording and misinterpretation of a document while the degree of company progress was unchanged. I must say, it nearly ruined my holidays and has adversely affected people I care about. Good luck with your investments.

Regards, FMK
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