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

To: Larry Brubaker who wrote (14266)	9/4/1999 5:21:00 PM
From: Tickertype	Respond to of 27311

O.K. Larry, I listened to the tape again, as you recommended. Here are a few comments Lev made regarding the run rate he expects during the coming 12 months: "We think we can achieve production capacities on an annualized basis within the next twelve months IN EXCESS of 75 million dollars." ".....I think we can hit targets of 70 million dollars....uh.....76 million dollars PLUS at an annualized rate sometime in the next 12 months." "....with the money coming in from the IDB we'll be able to bring the plan up BEYOND the $76 million dollar sales rate." This is the point I was making - he didn't place an upper limit on the numbers. And considering the hordes of lawyers out there who won't hesitate to try and extort some of those anticipated earnings for their own pockets, I'm convinced Lev used conservative numbers and probably expects to exceed them. - T -