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

To: Mark Johnson who wrote (3272)	7/4/1998 2:20:00 PM
From: J. M. Burr	Read Replies (1) \| Respond to of 27311

Mark: You're the type of guy who would volunteer for "point" in Viet Nam. Press on friend. As for me, I have dumped this turkey. There is absolutely no one on this thread who can tell me where the company is right now, what it plans to do, if the management is dependable, if the product can be realized. With those odds I may as well shoot craps in Vegas. If they ever hit, I will have missed the jump from 4-5 to 8; if they hit, it won't be at 8 long; I can stand to miss the train if I can catch it at the junction. Meanwhile, there are many more attractive investments than this pendejo. T. in Tucson

To: Mark Johnson who wrote (3272)	7/4/1998 5:08:00 PM
From: FMK	Respond to of 27311

Hi Mark, Thanks for bringing over the post from Yahoo. I just finished visiting with a retired engineering manager of a large production plant( 1360 employees). He owns several thousand shares of Valence and was interested in reading some posts on the internet. Of interest was the the plant's production cost and sales price per tire. On a good day the plant can produce about 36,000 tires per day. At about $38 per tire it works out to $1.37 million revenue per day/1360 = $1005 revenue per employee per day. Not too long ago the issue was whether 11 employees per shift was excessive to support one production line in NI. To challenge the argument that 660 employees(the total planned, reported by a NI newspaper) was not excessive for 10 production lines I divided 660 by 30 shifts to come up with the 11 per shift. Someone else corrected that number slightly, but I remember that projection for laptop batteries worked out to about $8000 revenue per day per employee! The arguments that 11 per shift was excessive seemed to die down after that. Now we may argue for a while about whether borrowing money signals the demise of the company. I imagine that too will pass after the next announcement, like the silence in the home town stadium when the opposing team scores the go ahead touchdown! Have a good 4th!