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

To: FMK who wrote (4871)	11/11/1998 7:59:00 PM
From: Pallisard	Read Replies (1) \| Respond to of 27311

Fred - You can't use 90 days per quarter, you'd have to use something like 76, unless they run 7 days a week. I think not in Ireland. Pallisard

To: FMK who wrote (4871)	11/11/1998 8:34:00 PM
From: Greg Smith	Read Replies (1) \| Respond to of 27311

1. You are again resting on the assumption that 1800 (cells?) per day equals a break-even position. Based on my calculations, I don't see how that assumption can be true. Look, 1800 cells per day struck me initially as really low. The numbers I crunched, which I checked carefully for logic and accuracy, support that initial feeling. I would welcome a better explanation that can show either that 1800 cells per day IS a break even, or that Lev meant 1800 batteries, not cells. 2. Lev said the burn rate was $2 million. But he didn't say whether it was per MONTH or per QUARTER. Wasn't the burn rate indicated by today's Q report (I don't have it in front of me) something like $6 million per quarter? So is the burn rate going down to $2 mil/Q, or is it going up to $2 mil/month?