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

To: Larry Brubaker who wrote (16462)	11/29/1999 2:42:00 AM
From: add	Read Replies (1) \| Respond to of 27311

Larry: <<And this: To date, we have not manufactured batteries on a commercial scale.>> How will they until they produce the first X-Million? You don't expect them to produce millions of dollars of batteries before a contract do you ? Batteries that may not be usable because of size or other differences ? << And this: We are currently in the early stages of transitioning production to an automated high volume production line that will work with our newest battery technology in our manufacturing facility in Mallusk, Northern Ireland. The redesign and modification of the manufacturing facility, including its customized manufacturing equipment, will continue to require substantial engineering work and expenses and is subject to significant risks, including risks of cost overruns and significant delays. >> Can you be sure that this does not refer to the separate cathode/anode line they are putting in and which IDB is funding ? Lev clearly states that they can do $45M and $75M-$80M next year, so why is that not believable to you Larry ?