SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Mattson Technology
MTSN 3.6000.0%May 12 5:00 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: creddell who wrote (3287)2/2/2001 10:01:49 AM
From: LemurHouse   of 3661
 
But if on 12/31/00, before the deal had closed and before the cash was received, it was unrecognized A/R for STEAG and counted as goodwill for the merger. It would then become a receivable for the merged company and ultimately (we presume) revenue. Apparently STEAG's books were sufficiently disorganized that noone knew until the last innings exactly how much A/R they had, and maybe not even then. (!?) It therefore wasn't already on the books as a receivable when the deal was closed. At least that's how I understood the admittedly confusing explanation. This is I think a windfall for MTSN shareholders, but it does make one somewhat uneasy about STEAG's accounting.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News