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Technology Stocks : TAVA Technologies (TAVA-NASDAQ)

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To: EyeDrMike who wrote (18108)6/10/1998 9:15:00 AM
From: Rick Bullotta  Read Replies (3) of 31646
 
Interestingly, I just talked to a friend of mine who works for one of TAVA's local competitors in the Philadelphia area. His company recently beat out TAVA for a big chunk of Y2K services with one of the world's largest pharmaceutical and consumer products companies, though TAVA did get some work as well. Apparently TAVA was going for the corporate-wide deal, which didn't happen. From what I've been hearing out there, lots and lots of smaller systems integrators have decided to cash in on this frenzy as well, and are going in at much lower rates than TAVA ($90-100/hour versus $150). Not sure what the overall impact would be, but lower rates might be one outcome, though I doubt that if the projected resource shortage comes to bear, that rates would stay low for long! The other implication, of course, is that there are a heck of a lot more competitors out there for the auditing and remediation work on the plant floor...not surprising, since it will be more cost effective for a lot of clients to engage a local systems integrator (no travel & living expenses, probably lower rates, etc.).
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