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


To: Dennis V. who wrote (16948)12/12/1999 2:58:00 PM
From: Larry Brubaker  Read Replies (1) | Respond to of 27311
 
<<Larry, the attributions to "VLNC management" appear to be misleading. Can you be more specific?>>

Yes.

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So we've got many accounts of posters claiming they heard management predicting they would be in the black during the current quarter, including several who heard that they would get into the black based on Hanil and Alliant orders alone.

In light of last quarter's record loss, does anybody still think they will be in the black this quarter based on Hanil and Alliant orders alone? Was this or was this not a prediction made by VLNC management 5 months ago?

And given they are spending about $36 million per year before hiring a 2nd and third shift, does anybody really think it likely they will be at breakeven with a $40 million run rate? If so, I've got a great deal on swampland in Florida.