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

To: Larry Brubaker who wrote (13662)	8/12/1999 4:34:00 PM
From: MHS	Respond to of 27311

Larry is right. He did say that they would have capacity to produce at an annual revenue of $76 million this year. But, as usual, Larry puts the worst case again. Lev made it clear that they are ready to produce and are producing. He projected $18 mil from Hanil and said that Hanil was project considerably more. mhs

To: Larry Brubaker who wrote (13662)	8/12/1999 4:37:00 PM
From: Tickertype	Respond to of 27311

<Obviously, since he said they expect to have sufficient capacity to generate $76 million in annual revenue within 12 months, they do not have capacity to generate $76 million in annual revenue now.> Here's the sticking point, Larry - did he say within 12 months, meaning they will not have the capacity before 12 months have passed, or did he say during the next 12 months, meaning the capacity is there or almost there now? As I already said, I plan on listening to his words again and I'll be able to quote his exact words. - T -