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

To: Chisy who wrote (13648)8/12/1999 2:00:00 PM
From: Chuck Lehman  Respond to of 27311
 
Chisy,

The increased capacity $ were the costs associated with acquiring the additional equipment necessary to make more batteries ( some IDB grants and $11 million from Valence)

I believe I understood that they are going to order this additional equipment, along with Hanil Valence, in the near future. The lead time for this equipment is 14 months.

What it will do is allow them to go from a capacity of $76 million in revenue to $250 million.



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