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

To: FMK who wrote (4883)	11/11/1998 9:04:00 PM
From: Herb Blair	Read Replies (1) \| Respond to of 27311

That is exactly right. Lev said the break even point was 1800 and that they could make that easily with one line.<EOM>

To: FMK who wrote (4883)	11/11/1998 11:38:00 PM
From: Greg Smith	Read Replies (1) \| Respond to of 27311

You say: "The 1800 per day to break even was stated by Lev Dawson, Valence CEO, during the conference call today. It was not an assumption on my part." We agree. . . about what Lev said. That's what is troubling me. That's why I've spent so much time on this. Because by my calculation, 1800 cells per day @ $2.50/Wh CAN'T BE A BREAK-EVEN POINT. So I am trying to figure out why Lev said that, or how it might be true. I do not take the leap of faith as easily as you. You take it for granted that it's true and base all profit calculations on that break-even figure. That's what I mean about assuming. P.S. I bet you WOULD care if VLNC reported they were going to switch from batteries to Frisbees! Nice one, FMK, I got a good chuckle. But I think you are dismissing a legitimate observation.