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

To: Pink Minion who wrote (20102)	6/15/2000 6:43:00 PM
From: John Curtis	Read Replies (2) \| Respond to of 27311

Ex: Here's what a certain investment newsletter(Taipan) said on 6/14 about VLNC: ------------------- Valence Technology Inc. (NASDAQ:VLNC), our rechargeable battery play for the mobile world, reported Q4 2000. Excluding a one-time charge in which Valence paid $1.3 million in cash and issued 950,000 shares of common stock in order to settle a class action lawsuit, and some factory startup costs, Valance reported a net loss of $8.4 million, or ($0.23) per share on 36 million weighted average shares outstanding. These numbers are similar to the net loss of $8.5 million or ($0.32) per share on 26.7 million weighted average shares outstanding reported for Q4 1999. Considering the start-up nature of the company, the reduction in net loss is good news even with the dilution of shares. Even better is that Valance recorded revenues of $0.7 million for the Q1 compared with zero revenues for the same quarter last year. For the year the company reported $1.5 million in revenues and a net loss of $69.7 million, including one-time charges. These aren?t exactly numbers to instill loads of confidence, but when you realize that $28.5 million went to R&D and the gearing up of the factory for commercialization, they?re not bad, either. The big question is whether Valence can turn profitable in time, with a burn rate of $8.5 million per quarter and cash and cash equivalents of $24.6 million, total assets of $58.5 million, and stockholders' equity of $27.8 million. Valence is expected to make $2.5 million this quarter and ramp up to $25 million for the year. If that happens, they will have plenty of cash on hand to become profitable and achieve a 1,000 percent growth rate. Based on recent announced deals, there is a good chance that Valance will beat these numbers. ------------ In other words, from here on out it's all about VLNC management continuing to execute their plan(s). John~