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Technology Stocks : SalesLogix (SLGX)

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Jan 21 4:00 PM EST

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To: EenieMeenie who wrote (32)	6/29/1999 4:12:00 PM
From: EenieMeenie	of 81

This is how SLGX recognizes revenue. From 424B4: Ammended Prospectus "We recognize revenue in accordance with the provisions of the American Institute of Certified Public Accountants Statement of Position 97-2, "Software Revenue Recognition," which we adopted beginning January 1, 1998. We sell our products under perpetual licenses and recognize license revenues when all of the following conditions are met: an executed license agreement, unconditional purchase order or contract has been received; the product has been delivered to the customer; collection of the receivable is deemed probable; and the fee is fixed or determinable based upon vendor specific objective elements of the arrangements. Maintenance and technical support revenues are recognized ratably over the contract term, typically one year. Revenues for consulting and training services are recognized as such services are provided." Chris

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