Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: CalculatedRisk who wrote (14454)	4/8/1998 6:00:00 PM
From: Y2k_fan	Read Replies (1) \| Respond to of 31646

CR, you are very up-to-the-point on this one. We are all betting on this, Wall Street's favorite is turn-around stories + turn-around facts. So far, TAVA is doing great.

To: CalculatedRisk who wrote (14454)	4/8/1998 6:14:00 PM
From: C.K. Houston	Read Replies (2) \| Respond to of 31646

Calculated Risk, <IMO, management should always be a key in any investment. Not just talent, but depth, relevant experience, and time together as a team. Also, I'm interested in accomplishments, not talk. That said, TAVA's team has just been put together and relevant experience might be an issue.> The relevant experience of TAVA's management team is EXACTLY why I'm in TAVA long-term. I now personally have 81,000 shares and 15,000 in a joint account with my mom. 70,000 is what I consider to be my core position. I will occasionally trade that 26,000. But, I'm not a day-trader. Thanks for reminding me that management is the key to any investment. Cheryl ================================================================== CEO & President, John Jenkins Hired January '95 to clean up and refocus corporate strategy. Action has been aggressive: non-core businesses have been sold, administrative overhead reduced and growth put on a fast track pace through acquisitions. Jenkins has broad domestic and international operating experience in technology intensive businesses with divisional profit and loss responsibility in a Fortune 200 company. He holds both and Engineering and Law degree. VENTURE RETURNS "Turn-Around" Story: tomorrowcast.com Senior V.P. Sales, Larry Hagewood Joined TAVA June '97. Previously with Elsag Bailey, where during his six year tenure as part of the senior management team, Elsag Bailey grew from a $350 MILLION company, principally based in the United States, to a major global corporation with sales of greater than $2 BILLION & offices located in 25 countries. Elsag Bailey is a supplier of process control systems, services, and instrumentation products to a wide variety of industry sectors including power generation and distribution, pulp and paper, chemical and petroleum, mining and metals, and general industries. Services offered include systems design, integration and development; engineering; manufacturing and checkout; installation supervision; commissioning; operator training; and continuing field service. V.P., Business Development, Ken Owen Joined TAVA August '97. Previous Director of Systems Integration at FLUOR DANIEL, and an early leader in the recognition of Year 2000 issues in factory automation systems. Ken has over twenty-five years of senior-level business and IT consulting, IS management, and executive operations management experience within the manufacturing industry. Related information systems experience includes all aspects of improving the total performance of manufacturing operations through strategic planning, process reengineering, solutions development and systems integration and implementation management. CFO, Doublas Kelsall June '97 named as CFO. Previous 2 years CFO & VP of Finance for Evolving Systems, Inc., (ESI), a developer of computer software and professional services, with more than 300 employees. Mr. Kelsall's tenure at Evolving Systems, Inc. was highlighted by a dramatic improvement in the financial position of the Company, including an increase in gross profit margins, decrease in expenses, and the redirection of product mix to focus on the development of proprietary products. COO, Kevin Fallon December '96 joined TAVA as COO. Previously Fallon was president & CEO of All Control Systems, Inc., which he founded in 1982, and which TAVA acquired in December '96. *Newest Board Member - Judith Draper* Formerly headed Social Security Administration's Year 2000 Effort Now Y2K Director, Computer Sciences Corporation

To: CalculatedRisk who wrote (14454)	4/8/1998 6:55:00 PM
From: Steve Sanchez	Read Replies (1) \| Respond to of 31646

one of your points: OTOH, I like some of the things they are doing (converting preferred, calling warrants). Hopefully (for longs) this is not a harbinger of more dilutive financing in the future. Additionally, there is a lot of opportunity for improvement in the core business area ... especially with the poor (but improving) gross margins. In the short term, management needs to turn operating cash flow positive, IMO, this is key. TAVA's Doug Kelsall addresses your concern (from the Conference Call): Randall Bollinger: ÿMorning. In regard to your $4.6 million in new financing, I was wondering if you could answer as to what would be the net new money after cost in refinancing. *And does this mean that you expect to be able to generate internally all the funds needed for the next 24 months?* Doug Kelsall: ÿI can address that. The $100,000 lease line is all new financing. Out of the $4 million in senior debt, we will be paying off approximately $1 million in bank debt so the net increase would be $3 million. And with that- again, our additional cash on hand is currently $3.7 million. We believe that that should give us adequate financing with the working capital required with Y2K ramp up. One thing that's nice about the year 2000 business, particularly on the product sales, is our turnover of our accounts receivable is quicker than it is in our core business. So because of that, there's not as much working capital required to support receivables.