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

To: William who wrote (4134)	9/10/1998 12:11:00 AM
From: Pallisard	Respond to of 27311

William: By the time they reach the stage of production to encounter the problems you're outlining, their earnings will take care of all that and still show a healthy profit. Pallisard

To: William who wrote (4134)	9/10/1998 12:59:00 AM
From: Tickertype	Respond to of 27311

When Lev said they would be profitable at 3000 batteries/day, which has apparently now been revised down to 2000, one would assume that this is net of the expenses you mentioned. After all, that's what the term profitable means, no? - T -

To: William who wrote (4134)	9/10/1998 1:18:00 AM
From: MGV	Read Replies (2) \| Respond to of 27311

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. More good questions. There is alot of reality that that is being overlooked William. I'm neither long on VLNC nor selling it short but I was long in 1993 and it is incredible how long some of these guys can spew the same superficial information and get away with it.

To: William who wrote (4134)	9/10/1998 1:52:00 AM
From: kolo55	Read Replies (1) \| Respond to of 27311

We've discussed taxes before (in July). One of the key advantages of iperating in Northern Ireland, and incorporating in the Caribbean, is a low tax rate. Funny thing, is at that time DarkGreen derided us for talking about details. Now he praises you for raising the same questions. Here are some posts that give some substantive discussion about some of the issues being raised now. Message 5078108 Message 5079577 Message 5080223 Message 5081592 Message 5172478 Message 5173200 Message 5219275 Paul