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

To: Pallisard who wrote (12986)	7/9/1999 10:55:00 AM
From: Larry Brubaker	Respond to of 27311

No, I think they shipped miles of material to Hanil. But as we have already discussed, the signficance of miles of material is open to debate. Based on the evidence I see, the miles of material will amount to little revenue to VLNC, and that the Hanil/VLNC JV will not be shipping significant amounts of product until FY 2001, at the earliest. Therefore, the earliest we will see VLNC receive its 50% of the profits of the Hanil/VLNC JV will be sometime after it begins shipping signficant amounts of product.