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Technology Stocks : TAVA Technologies (TAVA-NASDAQ)
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To: JDN who wrote (19190)6/25/1998 1:34:00 PM
From: Alastair McIntosh  Read Replies (2) of 31646
 
JDN, in any earnings model, don't forget that TAVA has $3,674,000 worth of capitalized software costs that will soon have to be subtracted from sales.

It is also interesting to note that management states in their most recent 10Q:

Net income was lower during the current quarter compared to the income of the
corresponding quarter of the preceding year primarily because of the product
development and roll-out costs associated with the Company's Y2KOne-TM-
product and services.

Yet they state that they have capitalized $2,148,000 worth of development costs for Y2KOne software. They can't have it both ways.

Does it at all concern you that TAVA had negative cash flow from operations of $7,949,000 for the nine months ended Mar 31, 1998?

Al
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