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Technology Stocks : TAVA Technologies (TAVA-NASDAQ)

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To: Kathy Riley who wrote (7763)12/23/1997 12:14:00 PM
From: Karl Drobnic  Read Replies (2) of 31646
 
Kathy: I think TPRO is talking about $28 in cash in the bank, not recognition of future revenues. TPRO used to publish backlog on a regular basis, but found that there was a big variation that was not indicative of future prospects. So they dropped that, deciding actual sales were a better tool. The company has been through a lot of growing pains, and I think they're just now arriving at consistent methods of showing their financial picture. Recall that the CFO was trying to get all the write-offs into the 4Q so that we could see barnburner comparisons this year. We should be reaping rewards from that good planning over the next 3 qtrly. reports.
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