Vitech America tackles Brazil Message Board

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Technology Stocks : Vitech America tackles Brazil

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To: tobin sears who wrote (82)	7/27/1997 7:05:00 AM
From: Anaxagoras	of 153

I was wondering if anyone had some thoughts on the dramatic increase in Inventories? I posted the following over on TMF, but it's really dead on that board. From my bearish perspective I was hoping for a larger increase in accounts receivable- but it only increased about 5.7% sequentially over the previous quarter. However, I was interested to see that there was an enormous leap in inventories, almost 50%. Any explanations or thoughts from board members? BTW, this increase apparently has nothing to do with the recent acquisition, since this quarter's results were said not to include contributions from Microtec. In any case, inventories stood at $22,494,413 vs. $15,325,294 last quarter; I don't have the figure for what this account was a year ago. Anaxagoras

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