C-Cube Message Board - Msg: 125979

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Technology Stocks : C-Cube

CUBE 35.36

-1.0%

Dec 23 3:59 PM EST

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To: Steve Landrum who wrote (886)	6/12/1996 2:24:00 PM
From: Andy Chen	of 50808

revenue and sales i don't think i was specific enough in my statements. cube has extensive development contracts (refer to annual). revenue was recognized as the company receives payment. look through the annual. cube currently requires manufacturer's cost upon contract ordering. sales are recognized when products are delivered. sales is part of revenue however, sales figures are not adequately accounted for quarter reports. cube and nike have the same type of revenue accounting. due to the fact that a lot of contracts were filled months ago and it requires a waiting period before the companies can have available production line to fulfill these requests. they receive manufacturer's cost upon contract agreement. therefore, accounting numbers regarding sales and cash inflow is trickier. do you have any accounting analysis on cube's tax rate change and how tax cuts will result from the divicom acquisition write-off? i rely on your expertise on this one.

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