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Technology Stocks : GX Investors Thread
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To: Ally who wrote (72)8/22/2001 9:33:37 AM
From: HW Bowman   of 586
 
Ally, BWAC's Post #65 re: deferred revenue from IRU pre-sales as a pro-rated current liability (an amount for services currently owed to the IRU purchaser) strikes me a a very clear explanation of an issue that has been murky to me for a long time. I don't understand how you might characterize this as merely a refundable deposit in that it is pursuant to a long term contractual obligation. Conceivably there are scenarios where such current monies might be returned to the purchaser as damages in the event of a GX breach of some sort in its obligation to provide current services, but that does not strike me as a refundable deposit. Otherwise any long term contract could be viewed as a series of refundable deposits over the periodic term of that contract.
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