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


To: JDN who wrote (18796)6/19/1998 3:53:00 PM
From: Rick Bullotta  Respond to of 31646
 
I was just kidding 'bout the short stuff, of course! <g>

The issue with the mom & pop's isn't necessarily taking big business away, but rather, exerting price pressure on the rate structure...even some of the big multinationals have allowed their local manufacturing plants some autonomy to implement their own "detailed" Y2K plans under the watchful eye of corporate...part of this is, I think, due to the fact that in general, IS/IT departments don't have a clue as to the types of stuff on the plant floor, and might be finding the best CYA move to kick it back to the plants themselves, while they act as "overseer" to make sure progress is made and that it isn't overlooked...

I think TAVA will do just fine nailing big contracts...that's why I'd prefer to see Rick Cowles out there closing orders rather than testifying to Congress! <g>



To: JDN who wrote (18796)6/21/1998 10:18:00 AM
From: John Mansfield  Read Replies (1) | Respond to of 31646
 
Time to adapt the P/L estimates to the upside?

Margin on hour rates are going up fast. JDN, what is our current hour rate for TAVA engineers (costs, invoiced to customers, and resulting profit?)

TIA

John
____

'June 15, 1998
Programmers get Y2K 'golden handcuffs'
EDS has unveiled "golden handcuffs" for highly skilled staff that they wish to keep till after January 1, 2000.

A new Year 2000 Retention Plan goes into effect on July 1, offering big financial incentives to Year 2000 programmers who are prepared to stay with the company for the next 18 months or so.

Managing director Steve Smith declined to confirm reports that some staff were being paid $20,000 a month, but said that staff were being paid market rates and were being offered "significant" incentives to stay with EDS.

The Y2K issue is a critical one for EDS, as it runs much of the country's banking and government infrastructure.

The Retention Plan mainly targets Y2K skills but includes people with SAP or object-oriented programming skills.

"The market rates for those people have gone up tremendously."

The New Zealand market has become highly competitive for people with Y2K skills, Mr Smith says, and they can also earn big money overseas.

...

infotech.co.nz