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

To: shasta23 who wrote (1969)	1/22/1998 1:40:00 AM
From: Larry Brubaker	Read Replies (1) \| Respond to of 27311

Stefan: For the two quarters ending Sept. 28, they had burned about $6 million per quarter and had $22 million left. Assuming they spent another $6 million for the quarter ending December, that would leave them with about $16 million. They are getting down to the wire. Let's hope they can get production going soon. Then they could probably borrow at favorable rates to raise any cash needed until they reach profitability, rather than have to dillute at low prices. As far as Zeev goes, I have seen him make a lot more good calls than bad ones on many different stocks.