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To: Pirah Naman who wrote (43238)6/10/2001 9:39:09 PM
From: StockHawk  Respond to of 54805
 
It's amortization of their acquisitions. A non-cash charge against earnings. This is an example of why the statement of cash flows is less subject to misinterpretation than the statement of earnings.

Yup. For the year ended 12/31/00 ITWO reported a Net Loss of $1,752,013 but had positive cash flow from opertions of $191,950