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Non-Tech : Mackie Designs (MKIE)
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To: B.D. who wrote (30)4/9/1997 11:32:00 PM
From: marvin karelitz   of 61
 
I recently read a press release reporting that it is expected that Mackie will earn 50 cents next year instead of the earlier projection of 80 cents.The reason given by Mackie is greater than expected expenditures in product development. Frankly, this is surprising, since I thought such costs are capitalized to go against sales of these new products. Anybody know what the genera

ly accepted accounting principles are for product development costs.
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