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


To: Eli74 who wrote (11460)5/26/1999 6:07:00 PM
From: Zeev Hed  Read Replies (1) | Respond to of 27311
 
Eli, I think that issuance of $50 MM in stock, even if it is done under $7/share is fine, it is the toxic variety and the "dribble" financing that worries me.

As for 30% after tax profits on sales, can you show me another manufacturing company, even with the most proprietary products, that achieve these, that would be a full 50% profits before taxes and gross margins in the in the 70% to 80% (assuming that SG&A and R&D take only 20% to 30% of sales).

Zeev