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


To: RAVEL who wrote (20742)7/16/1998 2:39:00 PM
From: Rob L.  Read Replies (1) | Respond to of 31646
 
Excerpt from Tava's last earnings press release:

"As a result of the Y2K driven exposure at new clients, the company is being
directed to new core business opportunities."

Jenkins added that more than 40 of the company senior management had just
completed a five day meeting that concluded our Fiscal 1999 planning process and
developed the specific tactics required to support the company's post year 2000
strategies.

As a major step in that direction the company announced that is has formed a
Consulting Division to be led by Tom Bruhn. Bruhn has joined TAVA from Raytheon
Automated Systems where he last served as Director of Business Development and
was heavily involved in the senior management of Raytheon's Y2K activity.

This Consulting Division will work with clients at the executive level and
provide the strategic manufacturing information technology plans required to
integrate their ERP and supply chain management systems with process information
systems.

This provides some proof that they are leveraging their y2k business into increased core business post y2k.



To: RAVEL who wrote (20742)7/16/1998 2:47:00 PM
From: CalculatedRisk  Respond to of 31646
 
Ravel, I'm sure TAVA is hoping to increase their core business after Y2K. But the flip side to your argument is: Once Y2K is over, where will these big companies cut costs? Get rid of the consultants! Consultants are always the first to go.

BTW, TAVA contractors do not understand the "architechture of their software and hardware" of their clients. If you test your VCR for Y2K readiness, do you understand the "architecture" of the VCR? No way!
Regards, Bill