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Technology Stocks : TAVA Technologies (TAVA-NASDAQ)
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To: Gurupup who wrote (5990)11/14/1997 4:03:00 PM
From: Money Mood  Read Replies (3) of 31646
 
Wonderful conf. call! Gives every reason to be confident in Topro. If I had more money I'd buy more. Coupla quick notes:

1)I saw a lot of enthusiasm on the part of institutions.
2)Fluor Daniel - bad news (They are huge, I counted on them!). Good news is that due to their Y2K reluctance they lost Owen and Topro hired him.
3)They've hired only 12 engineers since June and want to hire more than 100 during next 9 - 12 months, that will be paid from the CD ROM revenues. I think they would like to speed up the hiring but can't afford it at this point.
4)They don't expect any performance bonds on the Y2 projects, which is very good (perf. bonds tie up the cash).

V.
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