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Technology Stocks : TAVA Technologies (TAVA-NASDAQ)

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To: JDN who wrote (15854)	5/2/1998 9:28:00 PM
From: David Howe	Read Replies (2) of 31646

JDN, Good points. My estimate of 500 engineers is intended to represent the average for fiscal year '99. Due to several factors (including the pilot project phase that many of their customers are in at this time) TAVA will not announce earnings of this nature until 1st or 2nd Qtr of '99. We will see earnings improvement for last qtr (report on May 12 - my guess .02) and strong improvement from that point forward. I also remember TAVA indicated that they didn't want to hire more staff than they could keep busy after Y2. However, with the recent contract for 1200 sites estimated at around $67,000,000 they will need to continue hiring unless they don't expect to get additional contracts. Or, as you suggest, a larger portion of this income is from CD sales and/or licensing. My estimates were intended to be conservative. My total projected revenue for all of FY '99 is only the equivalent of 3 "Coke" contracts. They can do better than that can't they? Dave

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