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Technology Stocks : TAVA Technologies (TAVA-NASDAQ)

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To: JDN who wrote (18711)	6/18/1998 11:43:00 AM
From: Richard S. Schoenstadt	Read Replies (2) of 31646

JDN, You raise a good point re. the people who were working on year 2k product development. And it will impact my estimates. There are two ways to look at this impact - I think both will have a positive impact on my estimates. One is to assume that these people were normally engaged in billable work - and then were put into the non-billable year 2k product development and are now back working on billable projects. Another is to assume that some people who always worked in product development were put into year 2k development. I realize the company has indicated the former at times. However if you look at the press release for the qtr 3 it implies that some, if not all of these people were already engaged in product development. >>>>Development of PlantY2K One(TM) Rev. 2.0 was completed in late April. With Rev. 2.0 complete, no further major development effort will be directed to anything other than continued expansion of the vendor management database. The company's product development resources have been re-directed to programs put on hold during the Y2K ramp up and new programs that have grown out of the Y2K engagement experience.<<< I'll refigure and see what I come up with. RS

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