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

To: Skeptic who wrote (6628)	11/28/1997 12:12:00 PM
From: Jack Zahran	Respond to of 31646

>>The temporary nature of Y2K calls into question the sustainability of whatever growth TPRO achieves over the next few years. This is where our perspectives are different. Two years are not temporary in the context of this industry. Nor are previous track records a sign of future success. It is the vision and the execution of that vision that tech investor's look for. TPRO has the vision, it has the products, it has the management and it is executing well, that is, we are already seeing the results. While many were concerned about the PP at this juncture, a year from now, it will appear to be a solid and astute move. Striking while the Iron is hot. If TPRO didn't do a PP and exhausted their cash supply, what then? They are making wise use of the stock market and a PP was appropriate. Many companies afraid to generate cash in this way have only strangled their ability to grow and capitilize on opportunities. Take for example this quote regarding the Canadian concern Gandalf: "Knowing how to handle the stock markets is essential to being a publicly traded company. If a company needs capital -- and most R&D-intensive technology companies do -- it has to strike when the market is hot. This was one of Gandalf's fatal errors. In mid-1996, when its stock was climbing from $10 to $15 to eventually more than $26, it refused to issue more shares. A year later, it had no cash on hand to carry it through a very rough time and has ended up insolvent, needing protection from its creditors." ottawacitizen.com