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

To: Chuck Lehman who wrote (19767)	5/17/2000 8:30:00 AM
From: Greg McDaniel	Read Replies (2) \| Respond to of 27311

From the consolidated statement:Current assets: 2000 1999 Cash and cash equivalents $24,556 $2,454 Accounts receivable 1,869 1,168 Inventory 1,641 - Prepaids and other current assets 1,597 153 Total current assets 29,663 3,775 Cash and cash equivalents ? How did this increase dramatically? Accounts receivable up Inventory up...

To: Chuck Lehman who wrote (19767)	5/17/2000 8:41:00 AM
From: Zeev Hed	Respond to of 27311

Chuck, if someone on this thread can ask questions at the CC, I think it would be interesting to find if cash on hand and the Irish funds are sufficient to get into positive cash flow mode. I note that there are some $6 MM in accounts payable (vs much less in receivable), that makes the current cash position about $5 MM smaller than it is. If we assume growth in sales, receivable and inventories will have to grow quite rapidly. Right now it looks as if cash on hand is sufficient for about two, maybe three quarters, not counting cash injection from the Irish development funds. Zeev PS, anyone knows to are these accts payable due? Is this large increase for raw materials or is this possibly an advance from the Irish?