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

To: I. N. Vester who wrote (17945)	1/31/2000 10:55:00 AM
From: Larry Brubaker	Read Replies (2) \| Respond to of 27311

<<Larry, with all due respect Fred is a mfg process engineer (known to be a tad partial toward the company), and Rich Wolf is an EE who has provided much detailed discussion of the li-poly mfg process. I don't know what basis you have to judge what is a fair estimation of yields and what is not.>> IN Vestor, with all due respect, Fred is the same person who claimed less than a year ago that six VLNC assembly lines would have the capability to produce $3 billion in annual revenue. We now know that the capacity of the current equipment is $40 million increasing to $75 million late this year. And that with a substantial investment in new equipment, capacity is expected to increase to $250 million sometime next year. CIBC's revenue projection for FY 2002 is $100+ million, which is far lower than my own projection from a few months ago which you blasted me for. FMK's $3 billion projection was off by at least an order of magnitude. The suggestion that start-up of a difficult manufacturing process that has been riddled with problems and delays will show initial yields of 90% is equally ridiculous.