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

To: FMK who wrote (4133)	9/9/1998 11:03:00 PM
From: William	Read Replies (4) \| Respond to of 27311

Is the $20,000,000 burn rate per year historic or is that projected with the additional staff running the line(s) in NI? I would think that 100 production workers would add at least another $2,000,000. What about raw material cost, packaging, shipping, sales commissions. Will they have no questionable accounts receivable? No product returned. No defective product. No product lost or damaged. Taxes - NI and US. All the things that real companies making real products face. And they have even projected yet another one, obsolete inventory. Don't get me wrong, I am long, and will most likely buy more if we see $3 and under, but you folks seem to be overlooking a lot of reality in all of this discussion. William