To: Steve Sanchez who wrote (724 ) 9/2/1998 4:03:00 PM From: Steve Sanchez Read Replies (1) | Respond to of 810
Sep 2 '98 email from John Jenkins (TAVA CEO) =================================================== 1) Earnings are not "late". This is our financial year close that obviously requires an audit process. As we are not yet on a common financial system (we are now installing Oracle to remedy that issue) the audit process involves physical audits of our four major operating sites. We have said all along that we expected to release earnings in mid-September and still expect to do so. 2) Re "news". As we have previously noted, it is getting more and more difficult for us to get new clients to allow us to use their name in any external publication. As the awareness of the Y2k issue at the embedded system level has increased, so has the concern by our client base that they may have made prior statements about their Y2k readiness that are now not sound. As a result, their legal advice is to shut down communication on the topic. Also, as our business has grown, our definition of materiality has changed. In the early days of Y2k, any new order was "material", today, after millions of dollars of Y2k business, we must apply a different definition. 3) In closing I can simply say that our business opportunities continue to grow daily, not only in Y2k but in many other new areas for the company. We appreciate your loyalty in the midst of all this general market pressure and can assure you that the management team here is absolutely dedicated to producing increased shareholder value in TAVA. IT'S TOUGH TO STAY FOCUSED, IN THIS MARKET ... Here's what TAVA's done and is focused on since beginning of year. Message 5436887 =================================================== TAVA TECHNOLOGIES is the only public company that cuts significant time off the most bedeviling aspect of the Year 2000 problem. Message 5652393 Reprinted from: Brennan Research Forum, Inc. Fort Lauderdale, Florida Venture Returns Aug '98 John Jenkins Interview Message 5508391 Russell Welty (analyst following TAVA) interviewed John Jenkins Feb '98: Whole Article: westword.com Direct to TAVA mention (mid-page): westword.com TAVA: Dick Davis Digest Aug '98 Message 5560237 Bill Heerman of TAVA gives 4 case studies: Message 5502356 Top 10 Institutional holders... - Lord Abbett 830,600 - TCW group 660,535 - Renaissance Capital 625,333 - Crestone Capital Management 398,625 - Westcliff Capital 326,044 - Spears Benzak 326,000 - Nicholas Applegate 250,100 - Society Asset 246,000 - Ferguson Wellman 243,931 - Scudder Kemper 237,000 Message 5654360