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Technology Stocks : VALENCE TECHNOLOGY (VLNC)
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To: mooter775 who wrote (6996)1/11/1999 10:24:00 PM
From: Larry Brubaker  Read Replies (2) of 27311
 
Mooter, sorry about taking the opportunity to jump all over Fred, but I have been jumped on so many times here that when the opportunity presents itself...

I do not disagree that depreciation should not be a big factor in the total financial picture. My primary disagreement with Fred's "quotes of Lev has been the claim that Lev said 1,800 batteries represents less than one shift of production from one line.

I do not know that this is untrue, but I have not heard Lev say this, and I know that Lev said Line 1's capacity is 5 cells per minute, not 5 batteries. Maybe he really meant to say 5 batteries, as Fred claims, but I will believe that when I hear him say it.

And finally, I agree with Lev's comment that the SEC filings will provide a clue about when the wheels are turning. As of Sept. 30, they were not. Maybe they are by now and if so, we should see some confirmation in their next quarterly financial statement.
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