Greetings from Denver
1. TPRO in discussion with Intel to provide Planty2k One services. Meeting with Intel was in Phoenex last week. TPRO sold (not gave away, sold) disk to INTC. I spoke with Keven Fallon for several minutes, he confirmed this, and by pitch of his voice, foreward body posture, rapid speech, and expansive quick gesticulation of his arms, I concluded he is quite excited about this. He learned this morning of the results of the meeting last week. Just flew into town fromt he East Coast. He also confirmed what we suspected, TPRO is in negotiations and has provided some services for KRAFT foods.
2. Jenkins, Fallon, and Kelsall, all emphasized reducing risk exposure. Jenkins spoke of the alliances, PacificCorp to infilitrate utilities (slow going because of heavy topstructure decision apparatus, Square D (on board and now ready to go), Wonderwear (they were given the 30,000 disks in November, but only mailed them out in the past two weeks (18000) and are mailing the remainder in the next two weeks. Some early signer ons from the mailing), R.W. Beck (announced today) and they are actively searching for an alliance with a medical engineering outfit for everything from controls for steam heating to compoliance on dialysis and cardiac arrest units. Kelso spoke of charging companies now, and negotiating final costs later. Jenkins mentioned most companies require 18 months from first approach to TAVA, to reaching compliance. The figure "There is only a one month window" kept coming up, companies will need to make their decisions immediately. Companies are not being certified, guaranteed, or licensed as Y2k compliant, but companies' legal departments happy because they are using best available technology to plan for, identify, and resolve, the problem.
3. One of the most impressive segments was Fallon's slide "The Last Ten Days in the Life of TAVA" illustrating the huge time demands being made on management in the last two weeks. Included were: 30 utilities at an EPRI conference; meeting with director of major S.C. utility with over 40 cites; meeting with "A leading beverage company with a 50 country roll out program", major paper company; meeting with "World's largest semi-conductor manufacturer"; major auto-aerospace director in Europe with 400 plants; international food company (Kraft); meeting with company responsible for 1000 hospitals; and opening a Birmingham, Alabama TAVA office.
4. For number crunchers, they have just under 300 billable engineer technicians. Fee rates have increased to $150.00 per hour. They expect a 77percent billable rate on an engineers time. The rate has increased by 66percent over the past few months "with no push-back, we're really happy about that". They want to expand to 500 engineers by 2002. They expect 160,000,000 revenue in 2002. They have two new products, Batch one and Live one, products not discussed.
Goddess should be reporting soon. I thought of TPRO as a risky investment, now I think of all my other stocks as the risky investments and TPRO as my secure haven. Former skeptic, turning into TMEX jr.
FMA |
