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

To: FMK who wrote (6676)	1/3/1999 11:25:00 PM
From: Richard M. Jimmink	Read Replies (1) \| Respond to of 27311

FMK, I believe it is very possible, after the first major order is received, you will find a major battery company, will make an offer to buy Valence. Any comments?????? Dick

To: FMK who wrote (6676)	1/3/1999 11:48:00 PM
From: Larry Brubaker	Read Replies (2) \| Respond to of 27311

FMK, why should I answer your question? Whenever you ask me a question, it is because you are avoiding the issue I put to you. But to answer it anyway, I'll believe Line 1 operating part time earns a profit when I see it. Reason? First, You assume it will produce in excess of 5 batteries per minute when Lev said at the August CC its production capacity is 5 cells per minute. I know you consider the cells versus batteries issue to be settled because one of your sources told you Lev really meant to say cells. But again, since your sources have been consistently wrong, I'll go with what Lev actually said. Second, the fact that Line 1 has the theoretical capacity to produce 5 batteries or cells per minute does not mean it will. Particularly when production first begins. Third, you assume $2.50 per watt hour when all Lev said was "if" they can get that much per watt hour. Fourth, when Lev said 1,800 batteries per day at $2.50 per watt hour can break them even, he said it was breaking even on cash, but will not cover depreciation. Does that answer your question?