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

To: kolo55 who wrote (16618)	12/3/1999 7:43:00 AM
From: Pronichev	Read Replies (2) \| Respond to of 27311

It has been some time since I looked at the numbers, but for sure the US operating entity has at the very least $100 million in loss carry forwards. As I recall, about $25 million are lost to Cayman and cannot be recouped, and then there is the NI tax situation which I don't remember but think its impact is not very significant. In short, net earnings after tax get a very nice jump start boost in the early going. I wonder whether the analysts who are certain to begin covering the stock in the next 6-9 months typically take the tax picture into account when they issue their recommendations.