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

To: John Curtis who wrote (3535)	7/29/1998 8:34:00 PM
From: FMK	Read Replies (2) \| Respond to of 27311

Hi John, Last Friday I posted some reasons for remaining so bullish. Your post immediately followed, shifting the focus on the financing as a concern of major importance. Now that it is officially announced that up to $25 million is available (enough to last a year plus one quarter at $5 million per quarter burn rate), perhaps it is appropriate to refocus on the earning potential of the equipment being ramped up. For those who are now ready to look past the financing issues, here is a link to my recent post. Message 5311524 A poster on the Yahoo thread commented on the "nice correlation" of the estimated 80 Million cell per year capacity of the upstream equipment (coater/laminators) with downstream equipment (assembly lines 1-6) which also appear to have an average maximum capacity of about 80 million cells per year. I believe the equipment was being set up for laptop and cellphone batteries last fall when Cal Reed stated coater/laminator capacities. A typical cellphone battery required two cells, laptop batteries- three or four cells. Again, any stockholder should find it rather exciting to take out a calculator and make some earnings estimates. Remember that the numbers I posted were at machine design capacities at 22 hours per day and about 350 days per year. You may want to scale this down to two shifts per day. Regards, FMK