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

To: Zeev Hed who wrote (6316)	12/27/1998 12:47:00 PM
From: Greg McDaniel	Respond to of 27311

Has anyone received an annual report in 1998?

To: Zeev Hed who wrote (6316)	12/27/1998 12:49:00 PM
From: Herb Blair	Read Replies (1) \| Respond to of 27311

Are there any tax incentives for waiting to report inventory next year?

To: Zeev Hed who wrote (6316)	12/27/1998 3:26:00 PM
From: Tickertype	Read Replies (1) \| Respond to of 27311

Zeev, let's hope it's not an accounting glitch. I really don't think it is. In that case, they must have some very large R&D expenses tied up in material alone, as it takes tens of thousands (hundreds of thousands according to ULBI) of batteries to get the process equipment up to requirements, and to evaluate sufficiently large quantities of products to ensure consistency. Maybe the 10-Q or 10-K will shed some light on this. - T -