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

To: paul e thomas who wrote (7458)	12/18/1997 12:33:00 PM
From: Karl Drobnic	Respond to of 31646

The reason that ProBridge Futures is not listed as a Beneficial Owner in the Dec. filing is that they are no longer a beneficial owner. In other words, they sold their shares acquired via the Series A pfd. funding. That accounts for about 1.8 mil. shares out on the open market and in the public float.

To: paul e thomas who wrote (7458)	12/18/1997 12:42:00 PM
From: Skeptic	Respond to of 31646

RED Chip projects 1999 sales of Y2k @ 65mm$ and core control systems integration at 80MM$. They estimate 99 EPS from Y2K at .65$ and .40$ from the core business. They use a multiple of 1.0X for Y2K and 25x for core. Seems like a reasonable approach to me. The 25 P/E for their core business sounds aggressive. It seems that the assumption of leverage from Y2K is built into this P/E. So, if all goes as planned, the value of the stock could double. And if it doesn't ... ?