>>>Dear Richard: No--Jenkins NEVER promised anything to quarter ending 3/31 (which is 3rd quarter). Some posters on this board may have gotten their hopes up but that has nothing to do with reality. I dont know why he knew it wouldnt happen until 3rd quarter. I think your questions, if you are serious, should be directed to TAVA not this board. No one here knows anything other than what has been put out in press releases. So far, I do not find that TAVA has deviated one iota from what it has previously stated. JDN<<<<<
Dear JDN, I am not sure what you are thinking because Jenkins DID promise there would be significant year 2k income in the quarter ending 3/31 which is the 3rd quarter.
(Nobody has ever bothered to determine what significant is. And in light of last quarter it is not clear how much will be in addition to instead of in place of core revenue.)
Here is the statement from Sept. 29 press release. (The full press release is in post #3207.)
"While the awareness of and momentum in Year 2000 factory level compliance is building rapidly, many clients are still stepping cautiously, choosing to do 'pilot' projects before launching a full program. As a result, we expect that it will be the third quarter of our fiscal 1998 before we begin to see significant revenue impact on the Company. Meanwhile, we are continuing to invest heavily in methodology and tool development."
This is in September. Then in the November 14 press release Jenkins says this. ''Customer response to our PlantY2K One CD-ROM product has been very positive. As a result of rapid customer acceptance and our early investment in sales and marketing, we would expect to see growing revenue and gross profit
contribution beginning in our fiscal Q2, with significant contribution in Q3.''
<<<<<<<<<<<<<<<<<<<<<<<
With respect to people getting their hopes in ways that have nothing to do with reality.
That is not totally true. While it is true that initially (in Septermber) Tava stated there would be no significant year 2k revenue in the second quarter, the fact is they made other statements which would lead a reasonable person to believe there should have been - just one example the pop corn popping statement. (Also note above statement about rapid customer acceptance of CD.)
You should go back and see the reaction to the CD annx on Oct. 15.
A number of people (Karl for instance) concluded that Tava would be selling 7500 CD's within a short period of time. And based on previous statements from Tava - excepting the statement above - this was a completely reasonable conclusion.
It's surprising to me that people who expected 7500 CD sales off the bat aren't more curious as to why that didn't happen.
(Also read Cory's August article to get an idea of expectations around this time - expectations fueled in part by statements from Tava.)
Also you say Tava has not deviated one bit from what they previously stated. In one sense this is true. I think Tava has, if you listened to them very carefully, given us all the info we need to draw a fairly accurate picture of their prospects. But see above for the other side.
Tava has also made lots of statements that have flamed expectations.
For example using language like huge, exponential, very very large, tsunami, tip of the elephants ear, etc.
Also have you forgotten your opinion about dilution?
And what you based that opinion on.
Last since I think the delay in CD sales is a very important question I am somewhat baffled why you think it should not be discussed on this board.
RS
|
