Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Jeff S. who wrote (2493)	3/25/1998 8:01:00 PM
From: wm sharp	Read Replies (2) \| Respond to of 27311

Valence's IR firm returned my calls today. I can only assume this is general information, so I've little reason to be concerned about posting it. Anyway, it sounds encouraging. I was told that the company is on track for limited production in Q1, i.e. by the end of this month, as stated in the February 18 press release. Regarding cash requirements, I was told that, at the current burn rate, the company has necessary funds to carry them through September. This apparently supersedes the financing timeline in the 10-Q. They are working on financing options as per statements in the last conference call. I am grateful to FRB for kindly returning my calls, and will gladly post any corrections or elaborations to the above should they contact me.