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

To: Gerald Underwood who wrote (6615)	11/28/1997 10:39:00 AM
From: M. Frank Greiffenstein	Read Replies (1) \| Respond to of 31646

The balance sheets have been gone over with a fine tooth comb and have not been found wanting. >> LOL, Gerry, TPRO balance sheet definitely IS wanting. PPs are uncommon in companies with cash and low DSOs. The balance sheet is one of the few risks in this stock IMHO. If Marshall Hyman paid it's damn bills, we would not have needed the PP, or the PP would have been smaller. DocStone

To: Gerald Underwood who wrote (6615)	11/28/1997 10:44:00 AM
From: Gurupup	Read Replies (1) \| Respond to of 31646

Gerry, I agree with your post. I would just like to add once again, that TPRO has indeed been put under a microscope, much more so than any other small cap that I have ever been involved with.Most of the companies that I get involved in, the risk is being early. You are usually off by 1-2-3 quarters, but I am looking for opportunities to put a lot of money to work with as little risk as possible. What IF, TPRO earns $.40-$.50 this year, and in excess of $1.00 next year. IMO this is a worst case scenario. Where should it sell? I usually will pay quite a lot for 100% growth in eps. What if earnings start to accelerate for 4-5-6 quarters in a row, this will sell a hell of a lot higher than where it is now. I like bets where my downside is limited at the present time, and I don't know what the upside can be, but I know it is higher than here. I don't have to worry about Hang Seng, Nikkei,Korea, slowdown in chip sales, pc sales, retail sales, etc.. I know we have a problem, and I I know this Y2K will get a lot of publicity going forward, and some one with a + IQ will find TPRO, and feel that a $6 1/2 stock might be a way to participate. One other point that I would like to make about the institutional investors. It is inconceivable to me that any so called large investor has done as much DD on a stock like TPRO than this board has. Everyone who has done their DD, knows as much as they do. They have only edge on us, they got more money, but they ain't smarter than this board. So if the Pope,Soros, Zweig, Fidelity, etc..., buy it, who cares? I would rather have 10 individuals own 10,000 shares than one institution own 100,000 shares. I like broad distribution, because, IMO, retail many times is smarter than the big guys, and will not blow out their stock on a slight dissapointment, whereas a big guy, this is just a piece of paper, not a stock. What I really dream about is that the big gorillas come in down the road, and buy it sloppily, confirming our original reason for owning it. This will happen with TPRO at some stage, and we will get paid for our patience. I have made a lot of money when I have made the following correct decisions. 1. Great management, we got it. 2. Large market potential, we got it. 3.Excellent products, we got em. 4. Wall Street didn't agree at the start, we got it. 5. I was eventually right, I hope we got it!

To: Gerald Underwood who wrote (6615)	11/28/1997 11:05:00 AM
From: Skeptic	Read Replies (2) \| Respond to of 31646

With all due respect to your y2k bearish inclinations, I believe you would truely be better off in utilities, that is until they become deregulated or until 1999. What's wrong with cash? My concern is that the market does not appear to be discounting the potential impact of Y2K at all. The prevalent justification for historically high valuations is that the economic environment is perfect. Yet, there is clearly a very definite probability of major economic disruptions only two years away. You are apparently not familiar with the efficient market theory. If you were you could see that the market values y2k stocks very highly in spite of the insecurity you express about the y2k sector. One of the problem with the efficient market hypothesis is that different investors have different time horizons. Whether Y2K stocks perform spectacularly or not over the next two years depends on whether their current or future growth rates get more attention. I'm betting on the latter because most of the money is controlled by professionals who know that most of the value in any stock comes from long term earnings growth. Many people seem to believe that a lot of suckers will jump into the Y2K stocks as the economic impact becomes apparent. I'm betting that there will be a flood of money out of ALL stocks. Only time will tell.