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Technology Stocks : TAVA Technologies (TAVA-NASDAQ)
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To: Brewmeister who wrote (14829)4/14/1998 6:49:00 PM
From: Tim J. Flick  Read Replies (2) of 31646
 
Dan... Here is the guts of the y2k report. I do not read the word embedded in this report. Can someone comment as to if Tava has some work here?
Year 2000 Computer Systems Compliance Based on a complete inventory and risk assessment
of all hardware, firmware and software systems, TECO Energy identified three primary areas
with Year 2000 compliance issues: the energy control system at Tampa Electric; mainframe
based business systems such as financial reporting and customer billing; and process
controllers in power generation facilities, and other operating areas of the TECO Energy
companies.

Working with the original equipment manufacturers and other users, Tampa Electric began
modifying the energy control system in 1997 and expects the system to be Year 2000 compliant
by the end of 1998. In early 1997, TECO Energy began using a contractor specializing in Year
2000 conversions to make mainframe business applications compliant and expects conversion
and testing to be completed by the end of 1998. Process controllers throughout the corporation
are being modified or replaced in the normal course of business with compliance expected in all
areas by the end of 1998. The cost to make all of TECO Energy's equipment, systems and
processes Year 2000 compliant is expected to be about $5 million, of which approximately $1
million was reflected in 1997 results. TECO Energy is surveying all major suppliers and
customers to determine the status and schedule for their Year 2000 compliance and expects to
complete this effort by the middle of 1998. If customers and suppliers' compliance plans present
risks to TECO Energy, the company plans to identify alternate suppliers and provide assistance
where appropriate. TECO Energy does not at this time foresee a material impact on its business
operations or results associated with achieving Year 2000 compliance.
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