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

To: Tickertype who wrote (14265)	9/3/1999 8:21:00 PM
From: Larry Brubaker	Read Replies (1) \| Respond to of 27311

<<What Lev actually said on several occasions was $75 or $76 million was the least he expected, he didn't put an upper limit on it.>> Go back and listen to your tape, Ticker. What he said was that they expect to get to a $76 million annual run rate within 12 months. He said this immediately after avoiding Harold Hertfield's question about how fast they can build batteries now. Given that he avoided the question about how fast they can build batteries now, and said they expect to get to a $76 million run rate within 12 months, it is reasonable to assume they are not capable of a $76 million run rate now. And as far as IN Vestor's "breakeven on cash flow this quarter," once again I never heard that one and would be shocked if it were true. We are 2/3rds of the way through the quarter, there has been no purchase order announced, revenue for last quarter was less than Lev's annual salary, and their SEC filings indicate they expect substantial losses for some time to come. If they break even on cash flow this quarter, I'll eat my computer.