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

To: FMK who wrote (11081)	5/11/1999 1:11:00 AM
From: Larry Brubaker	Read Replies (2) \| Respond to of 27311

Fred, it is nice to see some favorable press for VLNC. It is also nice to hear Lev say the technical problems are behind them. A couple of notes of caution. <<30 million batteries = 1 battery per share.>> So far, that is. The amount of dilution from the December financing is still uncertain, as well as the amount of dilution from the next financing. It would also be nice to know just how many lines it would take to produce those 30 million batteries in comparison to how many lines they have already ordered and/or paid for. For example, you have stated several times the factory can hold 10 lines. Does the 30 million capacity refer to the existing 3 lines, 6 lines as you suggest, or 10 lines? Second, your 1 billion to 1.25 billion in revenue would equate to 20% to 25% to the $5 billion market for rechargeable batteries for electronic devices that was mentioned in the article. Even if your projected sales prices are in the ballpark, one would think it would take a period of several years for VLNC to achieve that kind of market share. At any rate, I am encouraged to see something positive written about VLNC coming from an outside source. Maybe I'll buy my shares back some day after all <VBG>.