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

To: biffpincus who wrote (21355)	7/30/1998 8:56:00 AM
From: Alastair McIntosh	Read Replies (1) \| Respond to of 31646

From IR email you posted: But still his new model estimates $1.10/ share for fiscal year ending June 1999. (13 months away.) The stock is trading at less than 10 times that number. You should try to compare that multiple to the other System Integration & Y2K companies. This is misleading nonsense. The multiple to apply to Y2K earnings should be 1 not 10 or 20. Actually, it should be less than 1 as it as a future value and should be discounted to current value. Al

To: biffpincus who wrote (21355)	7/30/1998 2:24:00 PM
From: CalculatedRisk	Read Replies (1) \| Respond to of 31646

biffpincus, FWIW, in his email Scott did not disclose: 1) Hannifin is paid by TAVA for "coverage". Surprised? 2) Hannifin is provided "guidance" by TAVA to generate their estimates. When Scott writes: "...puts the company 90 <days> behind Hannifin's model." This is actually the company's model. Surprised again? BTW, TAVA is now two quarters behind these estimates. A couple more comments: a) There is NO WAY that TAVA will earn "... $1.10/ share for fiscal year ending June 1999." This is impossible with the information available today. b) For Scott, or anyone associated with the company, to suggest a valuation method is outrageous. This is exactly the type of internet abuse the SEC is trying to stop. Regards, Bill