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Technology Stocks : TAVA Technologies (TAVA-NASDAQ)

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To: Phillip Kelly who wrote (23379)	9/23/1998 8:35:00 AM
From: kfdkfd	Read Replies (1) of 31646

Note backlog The company booked $62,000,000 of new orders in its fiscal 1998. This provides an opening backlog for 1999 of more than $24,000,000. As we have explained previously, booked order values for Y2k generally include only estimates of products and services included in the inventory and assessment stage of a project. As we extend into remediation work with a client, this is done either as an extension and expansion of the original contract or a new contract. As previously announced, our bookings for Y2k business increased sharply at the very end of our fourth quarter. We expect that bookings for Q1/99 will track at or above the rate of Q4. In spite of the late arrival of many of the orders in Q4, we posted a 28% increase in revenue, Q4 over Q3 and believe that we should see an accelerated revenue increase from Q4 to Q1. The total number of sites covered by Y2k specific contracts or master consulting agreements has now climbed to approximately 4000. While the company does not expect to provide products and services to all these sites, it does expect to address a substantial number of these, and of course those from future bookings.

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