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Technology Stocks : TAVA Technologies (TAVA-NASDAQ)
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To: Jack Zahran who wrote (7821)12/24/1997 3:59:00 PM
From: JDN  Read Replies (1) of 31646
 
Dear Jack and all: Well I guess I owe everyone an apology. I went back and READ the FIRST press release and it clearly says ORDERS for the 1st half NOT revenue. I dont know where we somehow got off the track and started calling it revenue. Since we did not hire a lot of new people and since we are told not a lot of CD-Rom sales I have to presume that the quarter revenue will equal last quarter PLUS the revenue from the 15 engineers previously assigned to working on preparing the CD-Rom. I am not going to venture a guess at this time. Except to say net profit is very unlikely to be over about .02 unless some recovery is evident from write downs last quarter.
As to NUMBER OF SHARES, I strongly suggest you stick to the 24mm figure. Well I no longer have the details there is no doubt in my mind that management themselves indicated 23mm prior to the PP. Of course all those shares are not outstanding for this quarter. JDN
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