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Technology Stocks : LEGATO SYSTEMS LGTO

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To: A. Wayne who wrote (1073)6/8/2000 11:15:00 PM
From: Sr K  Read Replies (2) of 1138
 
Is this the Plain English version of the former risk factors?
[from page 22 of the restated 10-Q 9/30/1999]

We cannot predict our future revenue with any significant degree of
certainty for several reasons including:

- Product revenue in any quarter is substantially dependent on orders
booked and shipped in that quarter, since we operate with virtually no
order backlog;
- We do not recognize revenue on sales to domestic distributors until the
products are sold through to end-users;
- The storage management market is rapidly evolving;
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