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Technology Stocks : VALENCE TECHNOLOGY (VLNC)
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To: Eli74 who wrote (11484)5/27/1999 1:54:00 PM
From: William Epstein  Read Replies (2) of 27311
 
Eli74;

I'd be wild. Take a trip to Hawaii, tell my wife to quit her job, etc.. However, 30% pre tax and 20% after tax is more like reality. Financing costs of working capital will eat into that. Also, there is a limit to what people are willing to pay at retail. Price points are important regardless of what you produce except, in medicine. People will pay anything to go on living. INTC has more money than god. They don't need financing. Their problem is investing it. Even they have to pay attention to price. Its irrelevant today, isn't it?
PHOTOMAN
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