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

To: Terp who wrote (23245)	9/17/1998 9:35:00 AM
From: RAVEL	Respond to of 31646

Insurer says oil and gas operators uprepared for Y2K ....Unless they go to TAVA! By Gordon Mackenzie LISBON, Sept 16 (Reuters) - Some oil and gas operators still have no millennium bug compliance programme in place and insurers should be wary of giving them cover, an industry conference was told on Wednesday. "Some companies appear to have no programme whatsoever, others have indicated that they intend to implement superficial fixes such as trying to switch back all their computer clocks by 20 years," said James Miller, chief engineer at the energy division of insurer AIG Europe, at the International Union of Marine Insurance conference in Lisbon. "These companies should be of concern to insurers," he said. Miller said the sector was vulnerable to extensive damage from the millennium bug -- the problem caused because computer date systems are unable to recognise the year 2000. Gas detection systems, control valves, fire pumps and monitoring equipment all rely heavily on embedded computer chips which could suffer from the bug if undetected, he said. "What might have been a very small or non-existent claim could be magnified into a claim worth ten of millions of dollars, and realisation for these companies may come to late," he said. Miller said task forces had been set up in the UK and Norwegian oil sectors, with a more ad hoc approach being taken in the Gulf of Mexico. He added that while most major oil companies had established compliance programmes encompassing their world operations, such an approach was not universal. "One national oil company has said they do not believe they have the (millennium bug) problem. This is despite the fact that they operate large integrated platforms with computer-based control systems," Miller said. "Insurers should do whatever they can to verify their assured's state of readiness," said Miller. He added that companies should have contingency plans in place in case they have missed something in their compliance programmes. ((Reuters Insurance News, +44 171 542 2770, fax +44 171 542 2769, gordon.mackenzie@reuters.com)) REUTERS Rtr 14:09 09-16-98

To: Terp who wrote (23245)	9/17/1998 10:01:00 AM
From: RAVEL	Read Replies (1) \| Respond to of 31646

Terp, don't you think execution is a little more important to a company's success than an interview on CNBC? TAVA's consulting business is on the move and entering a space that is growing and has virtually no competitors. First we had ERP, then Supply Chain Management. The last place for companies to look to cut costs is on the manufacturing floor. This is where TAVA comes in. Their skills can help companies directly affect gross margins whereas ERP and SCM companies target net margins. Unfortunately with a large number of companies still implementing ERP systems, budget money hasn't been flowing down to the plant floor....yet. Once people figure this out, TAVA will move. Check out companies such as Sapient, Answerthink and Mapics. They see it too. RAVEL