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

To: Rich Wolf who wrote (9687)	3/22/1999 8:05:00 PM
From: Zeev Hed	Read Replies (3) \| Respond to of 27311

Rich, the SEC documents were quite clear in stating that VLNC has cash to run operations only until the end of March. The burn rate is pretty close to $7.5 MM per quarter, about what they got as an infusion in December. I think that the cash crunch is here and we will either see a new financing deal or shipment of more than $4 MM (to open the IDB kitty). If one of these two does not materializes, hold to your seat, because it may be "cash crunch" time. Zeev