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Technology Stocks : TAVA Technologies (TAVA-NASDAQ)
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To: Josef Svejk who wrote (11689)2/18/1998 11:03:00 PM
From: Jack Zahran  Read Replies (2) of 31646
 
An open letter to the TAVA thread:

Dear Colleagues,

Whether you are long or short this stock, briefing.com violated their implied trust as provider of accurate information when it intentionally and irresponsibly issued false information regarding TAVA Technologies Y2K initiative. A minority of the members on this thread do not believe in TAVA's Y2K story, but nonetheless must agree that briefing.com does them a dis-service by publishing erroneous information.

What was the wrong information? Namely, the cost of the CD and the implied profit margin from it. Too, the statements on the potential for profit, in the face of TPRO reporting close to two Million dollars in Y2K service in their 2nd quarter as well as close to three hundred thousand dollars in Y2K tool sales. Remember that TAVA originally did not anticipate Y2K revenue till their third quarter.

Briefing.com was irresponsible in their reporting and negligent. We need to individually make our concerns known to them. As well I recommend that we each contact other sources of news and inform them of briefing.com's negligence. It would not hurt to include supporting information in the form of press release links, etc.

Thank you for considering my request.

Sincerely,
Jack Zahran
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