Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: FMK who wrote (7473)	1/25/1999 12:07:00 AM
From: Larry Brubaker	Read Replies (1) \| Respond to of 27311

FMK, straying out into that cow pasture again? <<Valence was reportedly running 5 laptop batteries per minute on line 1 in August.>> Not according to the CEO who said at the August conference call they were finishing a "major redesign" of Line 1 and it had yet to be run as a unit. He did say the capacity of Line 1 was 5 cells per minute (not batteries). <<I believe line 1 can run more than 5 per minute by now.>> What makes you believe Line 1 can currently run more than its capacity as stated by the CEO? <<The 270 in Northern Ireland are several times what's required for that 1 shift.>> Who says there are 270 employees in NI? And who says that is several times what's required for one shift? I have never heard the company say any of these things. <<My bet is the 270 are making batteries and its more than enough to break even. In that case, they are already producing at a profitable rate.>> This is contradicted by (1) the SEC filings, (2) Lev's statement they will be producing commercial volumes in 2 quarters, and (3) the statement by MOT that nobody is producing batteries in commercial quantities. We've got FMK saying one thing, and the company's SEC filings, CEO, and a potential customer saying another. Maybe this is why Lev referenced your post when he complained about his words being twisted on the internet?