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

To: Eli74 who wrote (11496)	5/27/1999 7:22:00 PM
From: William Epstein	Read Replies (1) \| Respond to of 27311

Eli74 O.K. now you've got my ear. What you have said makes sense, in that it is possible. Although, let's see, tax breaks, huh? Well, 30% of 1 bill. is 300 mill. gross profit. How long, at that figure, it would take to wipe out the tax loss carry forwards? Oopps! I forgot, it has to be amortized over five years. Hmmm, doesn't amount to much against $300 mill. I think, quarterly taxes would exceed every annual loss applied. Opps, I forgot, I'm not sure but I think, carry forwards must be applied within 3 years. Sort of like options. After that their NG. Any CPAs listening? So, my wild projection of $12-13.00 by early next year is, more or less, your own? Now we have a meeting of the minds? O.K. we can pontificate together. We might even have a mutual admiration society. (joke) What do you think, boss? PHOTOMAN