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

To: William Epstein who wrote (11454)	5/26/1999 4:41:00 PM
From: Greg McDaniel	Read Replies (1) \| Respond to of 27311

Interesting~! from BIGCUE on Yahoo! Re the PO- From re-reading the PO by: bigcue_98 11703 of 11704 announcement, which lacks specificity, I'm wondering if the "total of more than 35,000 meters...expected to be shipped from the facility this month with initial shipments already completed" is the total amount called for in the PO, or is Lev saying that 35,000 this month without implying directly that more will be shipped next month until such time as the total called for in the PO has been shipped. I know this is speculation, but why specifically qualify the announcement by stating the amount expected to be shipped this month? Mr. Kim, the Hanil Valence Executive Vice President clouds this somewhat by saying ".....and we anticipate that this order represents only the beginning quantity of what will ultimately be required to satisfy customer demands.'' He doesn't say 35,000 meters is all that the PO calls for. He says the order represents only the beginning.." without referring to the 35,000 meters. It's quite possible that the 35,000 is the first milestone and there will be more shipments under this one PO. Regards, Bigcue