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VALENCE TECH INC Message Board

  • jforuus jforuus Jun 27, 2011 11:47 AM Flag

    New hires at VLNC

    Some sales, but mostly manufacturing.


    Mulder they can't hide the truth, they can bury it or kill it but they can't always hide it!

    Pleae extrapolte your a company in a recession and you have 349 employees and now a still in side way economy that is trying to find its feet, the same company increases its size to 433. Bullish move or Bearish move?

    This is the olive branch in the seagulls mouth, the signs are out there. Don't let the bears tell you otherwise!

    http://secwatch.com/vlnc/10k/annual-report/2010/6/14/7261732?full=true

    Employees

    At April 30, 2010, we had a total of 349 regular full-time employees. In the U.S., we had a total of 41 employees at our Austin, Texas headquarters and our Las Vegas, Nevada research and development facility. We had 9 regular full-time employees in the areas of engineering and sales located in the United Kingdom and Northern Ireland. Our China operations, consisting of two WOFEs, had 299 regular full-time employees and one expatriate. None of our employees are covered by a collective bargaining agreement, and we consider our relations with our employees to be good.

    VS.

    http://secwatch.com/vlnc/10k/annual-report/2011/5/26/8827127?full=true

    At March 31, 2011, we had a total of 433 regular full-time employees. In the U.S., we had a total of 45 regular full-time employees at our Austin, Texas headquarters and our Las Vegas, Nevada research and development facility. We had 11 regular full-time employees in the areas of engineering and sales located in the United Kingdom and Northern Ireland. Our China manufacturing operation had 377 regular full-time employees. None of our employees are covered by a collective bargaining agreement, and we consider our relations with our employees to be good.

    Opening game of a chess match.

    STAY FROSTY !!

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    • If by "new" you mean the period beginning 15 months ago and ending 3 months ago, your numbers are accurate. That was the same period they were building a lot of batteries for Smith Electric Vehicles, who bought 46% of all the batteries they made during that period.

      However, Smith Electric Vehicles has signed a supply agreement with A123, hadn't ordered any batteries yet from VLNC during the current quarter as of a month ago, and VLNC's own guidance was for a significant sequential drop in sales during the quarter ending this week. So as of now, either they are either laying off those "new" workers, or their gross margins will go down.