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Technology Stocks : TAVA Technologies (TAVA-NASDAQ)

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To: Deep Digm who wrote (9978)1/30/1998 9:56:00 AM
From: John Arnett  Read Replies (1) of 31646
 
To All:
Moved on AP wire from Hartford, CT.

2000 computer correx may cost $100m-plus

A private consultant is recommending the state spend $110 million to fix the problem that promises to snarl computer systems in the year 2000, derailing everything from welfare checks to drivers licenses if not corrected.

State lawmakers have already approved $15 million to correct the main sate agencies...Dept. of Administrative Services, Comptrollers Office, Treasurers Office and (of course) governor's budget office.

The consultant estimates the state will have to spend $95 million more to hire people (or TAVA) to correct computer coding , and $16.5 million to replace computer equipment that will not be able to handle the problem.

Officials said, "The issue is how long it will take. It's a project that has a date that can't move. We have less than 2 years". "Because of time constraints, we're going to need a lot of outside assistance just to make it."

Let's see....the tiny state of Connecticut estimated $110 million. Multiply that by 50 states equals $5.5 billion. Multiple that by all the countries having computers.....TAVA will be working 7 days a week, 24 hours a day.

John
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