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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: FMK who wrote (7477)1/25/1999 12:34:00 AM
From: Larry Brubaker  Read Replies (1) of 27311
 
<<Larry, we have been around on this before. It only takes 1800 per day to break even. If it is 1800 cells to break even, its even better.>>

Yes Fred, we have been through this before. Lev said the capacity of Line 1 is 5 cells per minute. He said Line 1 could break even (on cash, but not cover depreciation) on 1,800 batteries per day. Since it presumably takes at least 3 cells to make a battery, and the capacity of Line 1 is 5 cells per minute, it would take almost 3 shifts of production to produce 1,800 batteries per day.

I have no idea of how many employees are in NI because the company has not announced how many employees are there. I have no idea whether the employees who are there are making batteries because the company has not announced they are making batteries.

Is it one of your infamous sources who is telling you 270 employees are making enough batteries now to earn a profit? Or are you twisting Lev's words all by yourself?
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