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


To: WR who wrote (27504)2/9/1999 2:19:00 AM
From: ExtraBases  Read Replies (2) | Respond to of 31646
 
Another point of interest from the 10-k:

<<<
TAVA's subsidiary, All Control, is a party to a civil action filed in U.S. District Court for the District of Maryland by Marshall/Hyman, a joint venture, which acted as the general contractor on a computer chip processing facility project located in Manasas, Virginia.

Marshall/Hyman filed the suit on December 5, 1997, claiming damages in excess of $100,000. On the same date in the same court, All Control filed a counterclaim requesting damages in excess of $3,900,000 arising under its subcontract. Discovery is proceeding in the matter and trial is expected to be held in January of 1999. TAVA intends to pursue this claim vigorously. In connection with this same project, other lesser claims are pending among All Control and other parties.
>>>
Perhaps we will get an update on this?

<<<
Strategic alliances and other ventures:

At June 30, 1998, TAVA had agreements with 23 Solution Provider Partners in locations ranging from Asia to Europe and Africa, providing the Company with an additional resource pool of more than 1000 personnel.
>>>

Since, as of June 30, 1998, 23 SPPP's added @ 1k (potentially) to the headcount, and TAVA's $$$ share were say 10% of salary (??), wouldn't that add $ 0.10 to $ 0.15 to EPS round-about now? I really would like some clarification on this during the CC .

BTW, don't we have @ 100 SPPP's now? (potentially @ 4 k additional personnel???)

--Dennis