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Technology Stocks : TAVA Technologies (TAVA-NASDAQ)
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To: TokyoMex who wrote (5732)11/10/1997 12:00:00 PM
From: Karl Drobnic  Read Replies (3) of 31646
 
I agree with T-Mex's comments that TPRO needs cash. In addition to the CD's, hiring and training drains cash, and so does bid proposal. If the embedded chip problem is as complex as we believe, preparing bids for the contracts we are all awaiting is also going to be complex. Bid proposal tends to eat a lot of professional time at company expense, even if there is provision to recover bid costs in successful contracts. Getting locked into a poorly conceived contract with a giant manufacturer is the last thing we want at this stage. So I suspect (and hope that) TPRO is spending every dollar in the till. The more TPRO spends now (wisely), the more profit we'll see in the 1998 and 1999 numbers. But there is no time for TPRO to NOT spend at this juncture.
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