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

To: Tickertype who wrote (13659)	8/12/1999 4:15:00 PM
From: Larry Brubaker	Read Replies (3) \| Respond to of 27311

You misheard. Lev made no prediction of $76 million of revenue over the next 12 months. Harold Hartsfield asked him what their current capacity is. (How long would it take you to make 100,000 batteries?). Rather than directly answering, Lev said they expect to have sufficient capcity "within 12 months" to generate $76 million of annual revenue. This is far different than a prediction they will generate $76 million of revenue in the next 12 months. I suggest you go back and read your notes or listen to the tape. Obviously, since he said they expect to have sufficient capaicity to generate $76 million in annual revenue within 12 months, they do not have capacity to generate $76 million in annual revenue now.