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Technology Stocks : TAVA Technologies (TAVA-NASDAQ)
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To: JDN who wrote (18796)6/21/1998 10:18:00 AM
From: John Mansfield  Read Replies (1) of 31646
 
Time to adapt the P/L estimates to the upside?

Margin on hour rates are going up fast. JDN, what is our current hour rate for TAVA engineers (costs, invoiced to customers, and resulting profit?)

TIA

John
____

'June 15, 1998
Programmers get Y2K 'golden handcuffs'
EDS has unveiled "golden handcuffs" for highly skilled staff that they wish to keep till after January 1, 2000.

A new Year 2000 Retention Plan goes into effect on July 1, offering big financial incentives to Year 2000 programmers who are prepared to stay with the company for the next 18 months or so.

Managing director Steve Smith declined to confirm reports that some staff were being paid $20,000 a month, but said that staff were being paid market rates and were being offered "significant" incentives to stay with EDS.

The Y2K issue is a critical one for EDS, as it runs much of the country's banking and government infrastructure.

The Retention Plan mainly targets Y2K skills but includes people with SAP or object-oriented programming skills.

"The market rates for those people have gone up tremendously."

The New Zealand market has become highly competitive for people with Y2K skills, Mr Smith says, and they can also earn big money overseas.

...

infotech.co.nz
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