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

To: Larry Brubaker who wrote (16952)	12/12/1999 3:55:00 PM
From: Dennis V.	Read Replies (1) \| Respond to of 27311

Larry, thanks for the flashback, I had totally forgotten about the Hanil/ Aliant projection; never gave it much weight, anyway. VCall sucks. However, I think you have the issues confused. The timeline for positive operating cash flow is relative to payment for product shipments referenced to Valence's operating expenses at some point in the future. These numbers are dynamic, not static, and such projections are easy to miss, especially with a company just transitioning to production. The statements concerning Aliant and Hanil timelines and the 40M to positive cash flow are not necessarily inconsistent or exclusionary. We don't know all the assumptions or caveats. The question is timing and these variables have not correlated to positive numbers...yet.