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


To: John Mansfield who wrote (18192)6/11/1998 3:59:00 PM
From: Terp  Read Replies (1) | Respond to of 31646
 
John, I am quite aware of everything you mentioned and know TAVA inside out. I am merely responding to someone who posted KEA doing an embedded chip assessment/remediation for hospitals. If KEA can post such a project, why can't TAVA? Do you think everyone else in the investment world knows that TAVA might be in on the KEA deal? Not hardly.



To: John Mansfield who wrote (18192)6/11/1998 5:13:00 PM
From: Edward Larkin  Respond to of 31646
 
I am a little bit stunned to see the concern over KEA on this board.

Sometime in April TAVA announced a joint venture with Colorado MEDTech (NASDAQ:NNM: CMED) to develop a hospital-medical device solution which is largely focused on embedded chips in the medical devices which are utilized through out hospitals.

CMED is 34% owned by Vencor who is one of the largest operators of nursing homes and hospitals. CMED has historically done contract research for many Fortune 100 device companies and perceives that this could be a very strong product development area for them. TAVA's selection of CMED as a partner recognizes CMED's abilities in the medical device area and also recognition that this problem is way too big for just one company to focus on. The fact of the matter is that there just aren't enough highly trained people to get all of the problem areas fixed in the next eighteen months, but those that focus on it will probably be overwhelmed with the potential volume of work, CMED and TAVA included.

CMED is already profitable and generates lots of cash. Congrats to Gino and Bathtub for putting the two companies together on this exciting venture.