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Technology Stocks : VALENCE TECHNOLOGY (VLNC) -- Ignore unavailable to you. Want to Upgrade?

To: Pallisard who wrote (12715)	7/3/1999 1:42:00 PM
From: Larry Brubaker	Respond to of 27311

<<Larry, if you don't like the looks of the fundamentals, then wait quietly for them to change, instead of baiting the longs with a constant barrage of repetitious negative spins of the SEC filings.>> My "spin" on the filings is that they mean exactly what they say. This was also my spin in December when this thread wanted to rewrite the statement that "the line has not been safety tested" to really mean the third or the fourth line has not been safety tested, and that contracts were imminent in January. Therefore, my current "spin" is that the first line is producing quantities sufficient for samples and product development purposes, but the second line must be in operation before manufacturing costs can be reduced sufficiently to earn a profit. And that the second line is only in the early stages of commercialization, and requires substantial redesign and development before it can be qualified for production. And that substantial operating losses are expected for the forseeable future. Once again, this is exactly what the filings say. If you interpret this as negative spin, that's your problem.