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Technology Stocks : TAVA Technologies (TAVA-NASDAQ) -- Ignore unavailable to you. Want to Upgrade?

To: Clayleas who wrote (5950)	11/14/1997 1:37:00 PM
From: M. Frank Greiffenstein	Respond to of 31646

A "good" earnings disappointment! Yes, they came in about a million less than Red Chip and others expected. But the explanaiton is very gratifying. A cost benefit analysis is in order. Jenkins took 15 engineers off billable projects to work on the y2k product. That's about $66,000 in lost billables per engineer (1 mil divided by 15). I figure that is about 3 months worth of billables per engineer. THat's the cost. But the benefits? 1.5 million in pure CD sales in a month, with another 2 million expected in the next thirty days. Projecting out another month, lets say that is 6 million in CD sales over 3 months, compared to making a million in billables. Lose a million to make 6 million? FOr those odds, I'd love to lose a million a day! <g> DocStone