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Technology Stocks : TAVA Technologies (TAVA-NASDAQ)
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To: O-MY-O who wrote (5942)11/14/1997 12:06:00 PM
From: JDN  Read Replies (2) of 31646
 
Dear Ed and all: WELL! The 4 cent loss doesnt surprise me, although I was hoping for a breakeven situation. For anyone participating LIVE at the conference, I would request that they ask WHY General and Administrative expense is UP so much. That doesnt exactly square with their explanation of expenses since selling expense is broken out seperately and IF I WERE THEM I would have broken Development expense out seperately and included it on a line just below cost of goods sold. THEN people would add that back in to see if there truly was a loss. ie similar to PURCHASED technology. Might want to mention that to them.
NOW! On to the rest of the release. I found it extremely positive. In fact a year ago such a release would be good for 20 points in a stock price. Now we will just have to wait and see. The Y2K market has gotten a lot more HARD NOSED about these matters lately since many Y2K companies have yet to SHOW US THE MONEY.
FINALLY! I still find it HARD to believe that a company with the promise this one has cannot go to a MONEY CENTER BANK and finance this whole matter. Tell them to put some pressure on BDO Seidman to come up with some recommendations and introductions. I used to do this for clients all the time. JDN
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