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

To: C.K. Houston who wrote (8506)	1/7/1998 12:27:00 PM
From: C.K. Houston	Read Replies (1) \| Respond to of 31646

TPRO completed assessment & analysis in Nov '97 for UNILEVER FOODS U.S. & Canadian plants. Now check this article out .... UNILEVER COSTS SOAR - Because of Embedded Software *Tripled original Y2K remediation estimate* ================================================================== EXCERPTS Anderson (Unilever Technology Director) said the *costs of tackling the bug were soaring because of the scale of the problem, particularly concerning "embedded" chips* - microchips installed deep in manufacturing equipment and computer systems whose software has to be checked line by line and, if necessary, rewritten. Anderson said: "The challenge isn't because it is intellectually difficult, but because there are just billions of things to be done. It's the sheer scale of the task and the relatively small number of people in the world qualified to do the work." sunday-times.co.uk. Good possibility of another contract announcement in the near future. IMHO

To: C.K. Houston who wrote (8506)	1/7/1998 10:49:00 PM
From: biffpincus	Read Replies (3) \| Respond to of 31646

I spoke with Scott Liolios this morning. He called me back after I had left a message for Doug Kelsall. I was writing notes as fast as we were talking, but I think this is a fairly accurate description of our conversation. He confirmed Andy's post regarding his discussion with Doug, i.e. that 2Q98 revenue will probably be comparable or slightly higher than last quarter's numbers. He vehemently denied that it was appropriate to call these figures "flat" considering the company's 40% increase in revenues from 2Q97 on. He suggested that it was a possibility (but no guarantee) that this quarter's EPS "could" be higher because of the larger margins for their new business plan. He did not or would not hazard a guess if we would be in the black for 2Q98. Scott hinted that although earnings won't be released until the first or second week of February, the company should have some sort of announcement that we can expect in terms of this quarter's EPS, perhaps at the shareholder's meeting in Denver. Scott said that there will be "some" Y2k revenue included in 2Q98, but less than people have been theorizing on SI (which he definitely reads). He thinks TPRO will come in with approximately 1 to 1 and1/2 million dollars of Y2k work this quarter. He knows people thought there would be more of an "upside" surprise, but he strongly defends against accusations that the company led us to beleive otherwise. Scott said that the company predicted only that there would be some Y2k revenue included in this quarter's figures but never predicted exactly how much they would be. Scott again referred to the last conference call and the big 3Q98 predicted by Mr. Jenkins. Scott gave a strong defense of the management and how they have conducted themselves since the inception of the new business plan i.e. alliances announced, production dates being met on CD launch, and increased production of CDs, etc. Scott feels the company is firmly on track for their 3Q98 estimations. Scott went on to say that although there were "no press releases on his desk right now", he wouldn't be surprised if a few came out towards the end of the month. He suggested that negotiations with multi-plant facilites and utility companies are now being conducted and that he felt good about the company's prospects in landing some of these contracts. In fact, he used words like "Tremendous" and "Incredible" in referring to different aspects of TAVA's (thats how they answer the phone now) future business prospects. Regarding marginability, I asked Scott if the questions that NMS referred back to TPRO concerning their application were "serious in nature" and if they could "pose a problem" for the company receiving marginability status. He said that he did not think they were, that they wre more general in nature. He could not state with any certainty when marginability might be granted. Scott said that NMS could come as early as next week or as long as two months from now. We'll file that under "words we didn't want to hear". He said the company has no control over that issue at this point. All in all, Scott gave an impassioned defense of the company. Take that for what you will - it is his job. But, for what its worth, I think he did a pretty good job of it with this shareholder. All I can report in the meantime though is that the company is pleased with their current progress and are expecting much better things to come - especially in 3Q98. We shall see what we shall see, Biff P.S. In regards to Scott's email, I had all of my notes to him returned to me as "undeliverable" in the last couple of days. Has anyone had the same problem? My address for him is "Liolios@PacificGP.com". Is that correct? Scott says that he has been getting all of his email so far today, and maybe it was just an AOL problem? Anyone have a similar story?