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Microcap & Penny Stocks : Tokyo Joe's Cafe / Societe Anonyme/No Pennies -- Ignore unavailable to you. Want to Upgrade?

To: TokyoMex who wrote (2043)	8/19/1998 12:07:00 AM
From: Shadow	Respond to of 119973

Joe, You should sleep in tomorrow. The market will be OK without you for a couple of hours.

To: TokyoMex who wrote (2043)	8/19/1998 12:09:00 AM
From: S.C. Barnard	Respond to of 119973

right, here's your story, thanks! (UPDATE) TAVA's Shares Soar 28% Amid Publicity, Market Rebound Dow Jones Online News, Tuesday, August 18, 1998 at 21:48 DENVER -(Dow Jones)- Shares of control-systems integrator TAVA Technologies Inc. soared 27.5% Tuesday, extending Monday's 8.5% gain, amid recent good publicity and an overall stock-market rally. TAVA spokesman Scott Liolios attributed the rise to an Aug. 13 reiteration of a "buy" recommendation by Hanifen, Imhoff analyst Russell Welty in Denver; an Aug. 16 interview with TAVA Chief Executive John Jenkins in the Venture Returns newsletter; and a rebound by the stock market and by companies tied to solving so-called year 2000 computer problems. Many older systems recognize years only as two-digit numbers, and can't distinguish between centuries. The problem, also known as the millennium bug, could cause businesses, governments, banks and other organizations major headaches in the year 2000. Without specialized reprogramming, systems will think the year 2000 - or 00 - is 1900. In his update, Welty said he was very comfortable with his fourth-quarter estimate of $15 million in revenue and four cents in earnings per share. In the Venture Returns interview, Jenkins emphasized that the prospects for the company are "better than ever." The Y2K index, an index of companies that provide year 200 solutions, rose to 215 Tuesday from 204 on Friday, Liolios said. TAVA Chief Financial Officer Doug Kelsall agreed that the Hanifen and Venture Returns publicity both contributed to the upswing, and he speculated that buyers jumped on the bandwagon once the stock started to move upward. "I think there was just some rebound buying," he said, noting there is no new news from the company. TAVA stock has been clobbered over the last several months along with others associated with Y2K. TAVA shares fell from a high of nearly $15 a share in April to a close of below $5 a share on Aug. 13. TAVA shares closed Tuesday at $7.094, up $1.531, or 27.5%, on volume of 1.5 million, compared with average daily volume of 523,901. Englewood, Colo.-based TAVA sells and integrates hardware and software manufacturing systems, and Liolios said it has unfairly been lumped with Y2K companies because it has a broader base than its Y2K business. Even so, Y2K is important to TAVA. In its fiscal fourth quarter ending June 30, it received $25 million in orders for year 2000 tools and services. TAVA has been a leader in warning manufacturers of potential year 2000 problems in their manufacturing processes, including potential problems in programmable logic chips in flow meters and other devices. TAVA introduced a Y2K product called Plant Y2K One in July 1997. The year 2000 problem has been a good vehicle for introducing new clients to its core business. Ken Trbovich, associate director of research for The Red Chip Review in Portland, Ore., agreed that TAVA is more than its year 2000 product. However, the company has "not consistently delivered," sometimes falling below earnings or revenue estimates, he said. In a June 16 report, for instance, Trbovich said TAVA's third quarter ending March 31 fell short of his revenue estimate. TAVA had third-quarter revenue of $11.7 million, compared with $11.2 million for the year-ago quarter. Earnings were $301,000, or 1 cent per diluted share. -By Tom Locke; 303-293-9294 Copyright (c) 1998 Dow Jones & Company, Inc. All Rights Reserved.