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

To: jwk who wrote (27930)	2/11/1999 7:24:00 PM
From: Manzanillo	Respond to of 31646

In an interview with Dow Jones today, Keane's president made some comments that I consider important to take into consideration when debating TAVA's long term possibilities: <<The company is also doing a good job of selling other services to customers who bought year 2000 services, he added. Since 1996, when Keane began signing year 2000 contracts, the company has sold $700 million of other services to year 2000 customers, he said.>> <<AMEX-listed Keane closed up 6 3/4, or 25%, at 33 3/4, on volume of 3.45 million shares compared to average daily volume of 643,643 shares. Keane's 25% gain in its stock Thursday more than made up for its 10.7% drop Wednesday, following the disclosure that it accidental overstated the amount of its application outsourcing backlog in its third quarter.>> Just a sample of what a little PR can do <<Investors have been concerned about how Keane will make the transition from year 2000 services, and the growth of its backlog in other services is viewed as one measure of how well the company is switching gears.>> <<More companies are nearing the end of their year 2000 correction efforts and are planning for new types of projects, Keane said. The company's contract signings are the "most immediate predictor of revenue growth," he said.>> <<Still, "there's a real tail to the year 2000 business as evidenced by the fact that in the fourth quarter, we continued to book additional (year 2000) business," he said. It's hard to predict when year 2000 services will tail off, Keane said. Companies continue to report that they need to spend more this year on year 2000 services, he noted.>>