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

To: FMK who wrote (6896)	1/8/1999 12:03:00 PM
From: Larry Brubaker	Respond to of 27311

<<At the risk of sounding repetitive, JUST 1 SHIFT ON 1 LINE can make a profit for the entire company, according to CEO Lev Dawson>> At the risk of being repetitive, as long as you keep making untrue comments like this, I will have to point out the facts. First, Lev never said anything like the above (at least publically). He said if they can sell 1,800 batteries per day at $2.50 per watt hour, they can break even on cash but not cover depreciation. Breaking even on cash (without covering depreciation) is not the same as making a profit for the entire company. Second, he never claimed they can make all these batteries on one shift. He said the capacity of Line 1 is five cells per minute. You say he really meant 5 batteries per minute. Until Lev says 5 batteries per minute, I assume he meant what he said. If you are going to quote Lev, Fred, you should do it with some degree of accuracy.