Semi Equipment-Sell when they're singing in the streets Message Board

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Technology Stocks : Semi Equipment-Sell when they're singing in the streets

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To: Ian@SI who wrote (198)	6/8/2000 12:45:00 PM
From: Logain Ablar	Read Replies (1) of 276

Hi Ian & other investors in semi equipment company?s. Below are links on the SEC Staff Accounting Bulletin 101 with subsequent clarification 101A. It explains the SEC?s position on revenue recognition. In my opinion this is not new and what has been in previously issued accounting standards (APB?s, FAS?s, etc.) The staff believes that revenue generally is realized or realizable and earned when all of the following criteria are met:  Persuasive evidence of an arrangement exists,3  Delivery has occurred or services have been rendered,4  The seller's price to the buyer is fixed or determinable,5 And  Collectibility is reasonably assured. The new part is in question and answers clarification of 101A. This infers the equipment has to be accepted versus shipped. I e mailed the SEC questioning if the are considering their position in light of the SEMI organizations opposition. I just received e-mail back today and the SEC does plan on issuing further guidance before the end of June. I take this to mean we will see another staff bulletin with questions and answers to provide guidance to the companies and their auditors. Not sure if this will be favorable to the companies or not and here are both links. sec.gov sec.gov Best regards, Tim

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