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

To: j g cordes who wrote (21199)	7/27/1998 5:41:00 PM
From: Bald Man from Mars	Respond to of 31646

<< TAVA is a stock for trading so where's the bottom of this current down cycle?>> Where ??? Better question is when ... It is either tomorrow or Wednesday, mark your calendar ...

To: j g cordes who wrote (21199)	7/27/1998 5:57:00 PM
From: Sam2482	Read Replies (2) \| Respond to of 31646

Earnings estimate for qtr ending 6/98 is .04. Scott said earnings will be released sometime in September. Its helpful to go back over some press releases from the prior qtrly earnings. Check out the following statement by JJ. John Jenkins, CEO stated, ''Though we recorded over $3,500,000 of Y2K related revenue in this quarter, most of our client's roll-out of full Y2K programs did not occur as early in the quarter as we had expected. Specifically, our staff additions were heavily loaded in late February and March. Even so, total revenue was up sharply over the quarter ending December 31, 1997. Our top line showed an increase of almost $1,200,000 or 10%. Further, the material and subcontract resale content of our total revenue line decreased by more than $1,100,000 from the prior quarter. When combined, these two elements put quarter to quarter growth in service and software revenue at more than $2,300,000 or 20%. We expect our service and software revenue to continue to grow as we face sharply accelerating demand.'' Jenkins added, ''Our improved gross margin was driven by increased Y2K service and software content, and the lower material and subcontract content. We expect that gross margins will continue to increase as software sales grow in revenue contribution and our Y2k billing rates have greater effect on total mix.''