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

To: James Rembar who wrote (12039)	3/1/1998 12:55:00 PM
From: Dr. J	Read Replies (1) \| Respond to of 31646

Your numbers are very reasonable. However, if TAVA is just a consulting company then it won't get a great multiple. I followed TCSI for a while; as a consulting company they had great numbers, but consistently got a multiple of 12-15 because of basic rule of consulting: the only way to grow the business is add more warm bodies. It was only when they started pushing a piece of s/w that PE went thru the roof. The CD and associated services could do a similar thing for TAVA - provide leverage. But the looming 2000 deadline definitely makes me assign a lower multiple because of the added risk (that post-2000 business won't materialize).

To: James Rembar who wrote (12039)	3/1/1998 1:13:00 PM
From: ROBERT H RICHMOND	Read Replies (1) \| Respond to of 31646

James, Thanks for your thoughtful post. I have been monitoring this thread and subsequently purchasing TAVA since last October. I bow to the superior knowledge and technical expertise of many of the posters. I am not knowlegeable in those areas, but I do have a lifetime of business experience. This is my spin. Most businesses succeed or fail based on three things: 1. Quality and dedication of management. 2. A well defined and closely adhered to business plan. 3. Available capital. It seems to me that the management staff at TAVA is way above average for a small company. Additions to the board of directors have been people of high quality and industry status. These people would not have signed on if they did not believe in the company and additionally that TAVA would be a company that could truly reduce,in a small way, the danger of y2k and embedded systems. So far, management has performed mergers, stock issues, raised capital, lowered debt, increased personnel, secured marginability and NASDAQ respect, secured contracts and, most important, successfully completed some work, which gives confidence to shareholders that future contracts will be successfully completed. As financials have improved so have credit facilitations. It is usually the case that the more money a business makes the more money becomes available. Here;s some blue sky stuff. It seems to me that a management staff as savvy as TAVA's has probably gone far beyond considering the entree to major corporations they are developing and have projects and innovations on the drawing board and ramping up for introduction. I look forward to announcements at strategic times over the next couple of years that will give powerful impetus to TAVA Finally, I want to point out that we are dealing with an industry that has no past, little present and a big future. Perhaps, one day, we can look back and say, " I was part of a great piece of history." rhr