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Technology Stocks : TAVA Technologies (TAVA-NASDAQ)
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To: biffpincus who wrote (21355)7/30/1998 2:24:00 PM
From: CalculatedRisk  Read Replies (1) of 31646
 
biffpincus, FWIW, in his email Scott did not disclose:

1) Hannifin is paid by TAVA for "coverage". Surprised?

2) Hannifin is provided "guidance" by TAVA to generate their estimates. When Scott writes: "...puts the company 90 <days> behind Hannifin's model." This is actually the company's model. Surprised again? BTW, TAVA is now two quarters behind these estimates.

A couple more comments:
a) There is NO WAY that TAVA will earn "... $1.10/ share for fiscal year ending June 1999." This is impossible with the information available today.

b) For Scott, or anyone associated with the company, to suggest a valuation method is outrageous. This is exactly the type of internet abuse the SEC is trying to stop.

Regards, Bill
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