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Technology Stocks : VALENCE TECHNOLOGY (VLNC)
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To: FMK who wrote (7097)1/14/1999 10:26:00 PM
From: Larry Brubaker  Read Replies (5) of 27311
 
Fred, of course at $30 per share and with close to 30 million shares outstanding (once all the conversions take place), you are talking about a market cap. of close to a billion for a company that has yet to earn a dime.

Even if they do announce a $100 million contract tomorrow, a billion would be a lofty capitalization for a company that will still have to prove how profitably it can actually make and sell these products.
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