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

To: Tony Battaglia who wrote (20918)	7/21/1998 9:58:00 PM
From: Jean-Philippe Chevalier	Read Replies (1) \| Respond to of 31646

Well said. That having been said, I think it would be wise to fold one's hand due to the high valuation/low earnings, limited time frame of Y2K hype (it all ends on 1/1/2000) and the fact that the company has hocked all of the assets on the Sirrom loan.

To: Tony Battaglia who wrote (20918)	7/22/1998 9:22:00 AM
From: Dorine Essey	Read Replies (3) \| Respond to of 31646

Tony, FAA is OK!!!! according to this report. Dorine 11:56 PM ET 07/21/98 US air traffic computers cleared for 2000, says Post WASHINGTON (Reuters) - Federal Aviation Administration technicians have concluded that a critical mainframe computer used in the nation's largest air traffic control centers will function properly in the year 2000, the Washington Post reported in Wednesday editions. The determination, reached over the past few weeks by programmers, came despite warnings from International Business Machines Corp, the system's manufacturer, that the agency should replace the equipment. ''The examination has revealed that the (system) will transition the millennium in a routine manner,'' FAA Administrator Jane Garvey told the Post in an interview. The mainframe computers at issue are used at the FAA's 20 air route traffic control centers to track high-altitude aircraft between airports. Last October, IBM warned that it lacked the appropriate skills and tools to determine if the Model 3073 mainframes would malfunction in the year 2000, by mistaking the year 2000 for the year 1900, the newspaper reported. The problem arises because many older computer systems record dates using only the last two digits of the year. If left uncorrected, such systems could treat the year 2000 as the year 1900, generating errors or system crashes. The FAA is planning to replace the mainframes but was unsure it could complete the process by 2000, so officials embarked on an aggressive testing program to figure out how the computer system would be affected, the Post said. The technicians found that the software that controls the computer's most basic functions, or microcode, doesn't consider the last two digits of the year when processing dates. Instead it stores the year as two-digit number between one and 32, assuming that 1975 was year one. As a result, they determined, the system would fail in 2007, but not in 2000. ^REUTERS@

To: Tony Battaglia who wrote (20918)	7/23/1998 6:34:00 PM
From: John Howell	Respond to of 31646

Well put Tony! I find it both sad and amusing that people invest so much emotion in this stock. No matter how many people sell the stock short, at some point in the future the stock will achieve equilibrium based on whether they can earn money. Shortsellers have no long term effect on the price. I notice a lot of similarities in the TAVA thread and the ZITL thread. The longs tend to view the shorts from an emotional perspective. The company says the earnings are "just around the corner". The stock slowly but surely grinds downward. The people on the wrong side of the stock go to great lengths to rationalize why they are still on the right side of the stock and that everything is going to turn out great if only........ I'm short TAVA (again) for several reasons. The main reason has nothing to do with TAVA's ability to get business. They might have the greatest technology, technicians, engineers, and managers on earth. The bottom line is that their books look like shit (fact), and their management likes to tapdance around the truth of exactly how leveraged they are (fact). Considering their current problems, they just can't grow enough in a year and 5 months to justify their market cap (my opinion).