Colorado Med Tech (CMED)-Tava Joint Venture Message Board

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Technology Stocks : Colorado Med Tech (CMED)-Tava Joint Venture

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To: Edward Larkin who wrote ()	5/4/1998 11:50:00 AM
From: Edward Larkin	Read Replies (1) of 6

Little discussion has been posted related to the April 17, 1998 joint venture between TAVA and Colorado Med-Tech (CMED). CMED is a rapidly growing medical device development company specializing in the research and development of high technology devices for the medical industry. Under arrangements with its client base CMED typically maintains contract production rights, once R& D is completed. CMED is approximately 34% owned by Vencor, Inc., (NYSE: VC)a major operator of nursing homes and respiratory hospitals. CMED's agreement with TAVA will allow CMED to market the TAVA y2k tool set into the hospital and critical care environment, an area which is largely unaddressed by existing y2k solution providers. Because many medical devices utilized in critical care procedures contain computer chips, most hospitals are just beginning to recognize that they must do a y2k analysis of virtually every device in the hospital that could effect patient care. CMED's long historical experience with a long list of major health care providers and device developers should give the TAVA/CMED joint venture rapid exposure to substantial opportunities over the next eighteen months. CMED reported record quarterly EPS, net income and revenues earlier today, with net income virtually doubling from a year ago. Analyst estimates for CMED for fiscal 1998 (June) are in the 35 cent area and 50 cents for fiscal 1999. No analyst has factored in the prospects of the y2k initiative on cmed so far.

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