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Technology Stocks : TAVA Technologies (TAVA-NASDAQ)
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To: Silk Stockings who wrote (7452)12/18/1997 12:02:00 PM
From: Clayleas  Read Replies (1) of 31646
 
Silk Stockings,

<The plaintiff's lawyers will point to the press release, say the management knew they had a problem all along and because their client was damaged the "cause" was management negligence and they have to pay!>

I'm not a lawyer, but it seems that this kind of thinking is quite naive. The plaintiff's lawyers don't need a press release to prove that management knew they had a problem. They can easily find out through their discovery process what management knew, when they knew it and what they did about it. I don't see how a press release adds to their liability. It would be nice if some lawyer could clarify this.

I think that the lack of new announcements is actually due to something that John Jenkins alluded to in the CC. He said that the timing of getting their pre-CD demo software out in Aug/Sep was good because it coincided with the timing for most companies in preparing their 1998 annual budgets (see CC transcript - Part 2 Message 2746032 ). These companies will not release their 1998 budget money until January and therefore cannot officially sign contracts until then. They might be able to squeek something out of this year's budget to get something started, but the bulk of the money will come next year.

Make no mistake, managers can often find ways to pre-spend their budget money, making themselves look good by completing projects early. But they would never announce anything until the money is released. If this is correct, then we should expect to see a string of announcements beginning in January.

Jim
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