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

To: jan m. who wrote (18264)	6/13/1998 11:41:00 AM
From: Tim J. Flick	Read Replies (1) \| Respond to of 31646

Jan.. It's these type of events that make any stock a giant wildcard as an investor/trader. You could get a couple of hedge funds that decide to buy a couple hundred thousand shares and the whole deal begins to snowball. There is a very real chance of this happening if the perception begins to hit home. In any event, I can only report what I see and the entire group (y2k) is beginning to perk up. I think it's the early stages, but things can happen very quickly. Goldman picked up coverage of KEA on Friday with a "market Outperform". So this is telling me that these guys are beginning to take a look. To attract the bigger money Tava has to sell itself as being even stronger after the year 2000 than they are now. I am sure they got many of those questions at their recent road show. Next week will be interesting... it all will start with volume, that is the key.

To: jan m. who wrote (18264)	6/13/1998 12:36:00 PM
From: John Mansfield	Read Replies (1) \| Respond to of 31646

'The below are excerpts from key writeups on today's US Senate hearing on the Power Grid and Y2K. Both the leading Democrat and leading Republican on the Committee are equally projecting severe risks that are almost certain to occur. Roleigh Martin ourworld.compuserve.com ====================================================================== infobeat.com 02:31 PM ET 06/12/98 Senators call for power grid millennium safeguards By Vicki Allen WASHINGTON (Reuters) - Utilities must work harder and faster to ward off the blackouts and glitches that appear virtually inevitable because of millennium computer bugs, a Senate panel warned the industry on Friday. ''Quite honestly, I think we're no longer at the point of asking whether or not there will be any power disruptions, but we are now forced to ask how severe the disruptions are going to be,'' Sen. Christopher Dodd, a Connecticut Democrat, said. A special Senate panel on potential Year 2000 computer and microchip meltdowns focused its first hearing on electric utilities because, Dodd said, ''If we don't have power to generate electricity, everything else is moot.'' With 567 days to the next century, senators said prospects are slim of fixing the power grid's hundreds of millions of chips, microprocessors, computer programs and other technologies that will be stumped by the digits 00. Committee Chairman Robert Bennett said a survey his office sent to 10 of the nation's largest electric, oil and gas utilities showed their preparations to ward off year 2000 bugs were lagging. ''I had anticipated that I would be able to provide a positive report on the Year 2000 status of these public utilities. Instead, based on the results of this survey, I am genuinely concerned about the very real prospects of power shortages as a consequence of the millennial date change,'' the Utah Republican said. Only two of the 10 utilities had finished an assessment of their automated systems, which is an early step in the preparation process, Bennett said. ''One firm did not even know how many lines of computer code it had,'' he said, and none had completed a Year 2000 contingency plan. The chairman of the Federal Energy Regulatory Commission, which oversees much of the nation's power grid and natural gas pipeline system, said the agency lacks authority to force utilities to make preparations, or to report on their efforts. ''The state of Year 2000 readiness of the utility industry is largely unknown,'' FERC chair James Hoecker said. [snip] ====================================================================== startext.net Updated: Thursday, Jun. 11, 1998 at 21:20 CDT 'Y2K' bug may lead to brownouts By Robert A. Rankin Knight-Ridder News Service WASHINGTON -- America may suffer widespread power blackouts and brownouts Jan. 1, 2000, because utilities may not have fixed their computer systems to eliminate the year 2000 software bug, according to a Senate report to be released today. A special Senate committee will reveal results of a confidential survey it took of 10 major U.S. electric, oil and gas utilities to assess whether their computer systems will be menaced by the so-called year 2000 problem. "The pace of remedial efforts is too slow," concludes an executive summary of the survey results obtained by the Knight Ridder media group. "There is significant cause for concern." The survey reveals that utility executives remain uncertain about how extensive the computer problem is within their plants, most have not yet begun to fix their systems and they are ignorant of how much the problem may menace their most crucial suppliers, vendors and servicers. "I think there is a virtual certainty that we'll have brownouts and some regional blackouts," Sen. Bob Bennett, R-Utah, chairman of the special Senate Committee on the Year 2000 Technology Problem, said in an interview. "We still have 18 months, and nobody really knows. So there is a very slim possibility that everything will work just fine. I think the chances of regional blackouts and heavy brownout activity throughout the grid are about 80 percent," said Bennett, who has been examining the year 2000 threat for a year. [snip] -___ From: Roleigh Martin <Roleigh.Martin-1@tc.umn.edu> Save Address Block Sender Subject: Chances of regional blackouts and heavy brownout activity about 80% - Sen. Bennett Says, Dodd joins Mime-Version: 1.0 Content-Type: text/plain; charset="us-ascii" Message-Id: <3581dae661e6005@mhub1.tc.umn.edu>