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

To: I. N. Vester who wrote (16944)	12/12/1999 3:05:00 AM
From: Larry Brubaker	Read Replies (3) \| Respond to of 27311

<<Larry, of course you think Mooter is over-optimistic.>> Yep, sure do. Just as I thought Mooter was overoptimistic when he claimed insiders told him production was imminent in 1997. Just as I thought he was overoptimistic when he claimed in mid-1998 that major OEMs were about ready to sign purchase orders. Just as I thought he was overoptimistic last summer when he predicted VLNC would be at break even NOW (note the record loss last quarter). And yes, I also find it highly unlikely that VLNC will break even at a $40 million run rate when they are already spending $36 million per year, BEFORE hiring a second and third shift. Not slightly overoptimistic, very overoptimistic.