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Microcap & Penny Stocks : TPII - Year 2000 (Y2K); Groupware; Client Server Migration -- Ignore unavailable to you. Want to Upgrade?

To: Alan Coccio who wrote (9249)	11/4/1998 12:13:00 PM
From: Jeffrey S. Mitchell	Read Replies (2) \| Respond to of 10903

Alan, if Kernaghan's average price was .28, then he'd have been able to convert his $500K into 1,785,714 shares. Now, subtract from that the amount he used to cover his supposed short from the end of May until November, and subtract about 500K or so for the amount he potentially could have sold on the last news releases. Then figure out how long it would take at today's pace to unload the remaining shares and where the price will be when he's finished unless some pretty substantial buying comes in. Looking forward to your conclusion. - Jeff

To: Alan Coccio who wrote (9249)	11/4/1998 12:14:00 PM
From: JOHN IACOVACCI	Respond to of 10903

At least somebody is making money on Y2K! "TAVA Reports 75% Revenue Increase and Record Net Income DENVER, Nov. 4 /PRNewswire/ -- TAVA Technologies, Inc. (Nasdaq: TAVA) today announced revenue for the first quarter increased 75% to a record $19,802,000 from $11,319,000 recorded in the quarter ending September 30, 1997. Gross profits for the quarter were $9,792,000 or 49.4% of revenue. Earnings before interest, taxes, depreciation and amortization were $4,938,000 compared to $29,000 in the quarter ending September 30, 1997. The company recorded net income attributable to common shareholders of $3,446,000 or $0.16 per basic share ($0.14 per diluted share) compared to a net loss of $605,000 or ($0.04) per basic share (($0.04) per diluted share) for the quarter ending September 30,1997. John Jenkins, CEO stated: "We are extremely pleased with the record results achieved this quarter. This reflects the continued strong demand for the company's services and products. Revenue was up 33% over our June 30, 1998 fourth quarter, diluted earnings per share were up by 366% and EBITDA increased to $4,938,000 from $1,759,000. Our earnings also include a solid contribution from the TAVA/RW Beck LLC. We are now planning the extension of our successful utility market penetration to address post Y2K opportunities." Doug Kelsall, CFO said, "We are beginning to see operating efficiencies from our investment in SG&A over the last several quarters, with SG&A expenses decreasing to 27.8% of revenue in this quarter compared to 32.8% of revenue in our fourth quarter of fiscal 1998." Kelsall added, "The quarter results include a positive income contribution of $604,000 from the company's investment in TAVA/Beck, LLC in the quarter. This investment is accounted for by the equity method and its income is reflected as "equity in earnings of unconsolidated affiliate" on the income statement. No revenue or cost of the LLC are carried directly on the income statement." "