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

To: Bill Wexler who wrote (19804)	6/30/1998 5:10:00 AM
From: Q.	Read Replies (1) \| Respond to of 31646

Can anybody explain why TAVA's cash flow from operations is so much deeper in the red than the reported earnings? I don't know much about the co., but looking at the financial statements, I was struck that in the last 9 mos., they burned ($8 M)cash in operations, while reporting an earnings loss of only ($800 k). In this case, it looks like half the discrepancy is attributable to accounts receivable going up a lot more than is justified by the much small increase in revenues. This is sometimes an indication of aggressive accounting, but not always. Has there been any significant change in the business in 9 mos. ended 3/31/98, compared to a year earlier, to account for this?