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

To: FMK who wrote (1830)	12/29/1997 2:17:00 PM
From: Tickertype	Respond to of 27311

Thanks, FMK. Maybe the confusion about the lines comes from the fact that we're dealing with the "third" line vs. the " third high-speed" line which is the fourth line. At the time of the last conf. call D.A. reported that they had $22M in cash remaining. If the $12M for the film/laminating system came out of this, it would leave $10M minus operating expenses for the past month. This would easily carry them through March, but would not be enough to pay for another line. Unless the third line was paid for prior to the conf. call, they may have to get some cashflow going soon - we may see some exciting developments VERY SOON now!! I can hardly wait for January to get here. D. Martenson: Good post! I like your conclusions with respect to the stock price. Now is the time to get on board, those with any cash left. Best regards, - T -

To: FMK who wrote (1830)	12/30/1997 4:42:00 AM
From: mooter775	Respond to of 27311

It is my understanding as well that line 3, the 2nd Italian-made high speed line, is going to be shipped to Ireland.

To: FMK who wrote (1830)	12/30/1997 9:55:00 AM
From: webpilot	Read Replies (2) \| Respond to of 27311

Does it seem like an unusual business plan to build factories, along with 3 or 4 or more production lines when the company doesn't have any actual ccustomers? I would also like to ask, since you are familiar with production engineering, wouldn't it be prudent to first have one successful operating line before committing all that cash to additional lines? Unless they have customers that they haven't told us about, this plan is highly unusual and very risky to the stockholders. They are burning up cash at a rapid rate for no apparent reason. Perhaps this could be the reason for the recent departure of top executives. These comments and questions are presented inorder to stimulate additional ideas as to what this company is actually doing and where they going with this plan.