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Technology Stocks : VALENCE TECHNOLOGY (VLNC)
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To: I. N. Vester who wrote (9907)3/27/1999 7:42:00 AM
From: Zeev Hed  Read Replies (2) of 27311
 
Vester, assume that your $40 MM is a correct number (I have currently no way to estimate this one way or another), I do not understand how you get $20 MM EBIT, their current burn rate is $28 MM per year, you should expect that with production and selling going on charges for production, cost of materials and increased SG&A should bring this figure up markedly (I thought that Lev said that we should know when production is imminent when we see the burn rate increase dramatically)

Zeev
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