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

To: Pallisard who wrote (18385)	2/20/2000 1:09:00 PM
From: drbailey	Read Replies (1) \| Respond to of 27311

Regarding shipping of orders, I believe the original goal was to be shipping in Feb or March. At the meeting, when asked if they had eliminated the bottlenecks in the manufacturing process and were ready to duplicate the process at other sites, Lev answered: "We had better be. We have committed to be shipping (product) in April." He also said during the meeting that they were already shipping product to customers. Rather than seeing an inconsistency here I believe what he was saying was that they would be in full production in April and shipping it out as fast as they could make it from that point on. Along that same line, when he was talking about the tour we would take of the Henderson plant he said we may see batteries they were making for and shipping to Alliant. I am in a business that produces a product for wholesale sale (greenhouse tomatoes). We are currently building a 550,000 square foot state of the art hydroponic greenhouse in Colorado. We have had delay after delay in the construction process. Delays in getting materials, labor problems, OSHA problems, weather problems, and just plain mistakes. Our project isn't even a tiny bit as complicated as Valences' manufacturing process and has already been done successfully all over Europe. I am not the least bit concerned about the delays Valence has had. Even if you are trying to be conservative you will still probably underestimate what Murphy can do to your start up. (Incidently, we will have tomatoes in the stores in 7 weeks, just about the time Valence should be shipping batteries in quantity to major customers.) I am looking forward to April in more ways than one. David