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Technology Stocks : TAVA Technologies (TAVA-NASDAQ)

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To: JDN who wrote (13837)3/31/1998 5:14:00 PM
From: Mr Logic  Read Replies (6) of 31646
 
JDN, I have considered the prospect of a rapid move up. GM or similar announcement is not really a concern - the KO announcement did not cause a rise, and I recall the discussions here being because that information was already 'known' here on the thread. I wouldn't underestimate the effect of a big name contract on spreading the word - analysts and anyone following KO on Yahoo, say, will get the TAVA news by having KO as a ticker they follow. And a lot of people follow KO.
Hiring 500 engineers immediately - the company has stated it may need to hire up to 150 and I would be interested to know how many they have. Moving to a Y2K company or even getting involed in a Y2K project is regarded as a dead end by many skilled consultants so I think they will struggle to hire even if they want to.
What will make this stock go higher quickly IMO will be if they show some decent numbers - Y2K revenues above $20m - in this quarter. I'd go long myself if they did that.

Bear in mind that the stock has rocketed three times already since July and the expectation is that the company will be worth 600%+ more than it was then. At some point the earnings need to show the way to catching up.
P.
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