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Technology Stocks : Network Appliance

NTAP 109.28

-2.0%

3:59 PM EST

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To: JakeStraw who wrote (6465)	2/9/2001 3:38:41 PM
From: Northern Marlin	Read Replies (2) of 10934

Hi Jake, I think what touched off this balance sheet discussion was your question about the $6M increase is non-current liabilities. That seems a small amount to me for a balance sheet of this size. More importantly I'd like to discuss with you the Deferred Revenue line item in Current Liabilities. It jumped from $45.9M at to $62.9M at the end of the quarter, an increase of $17M. During the conference call senior staff referred to leasing equipment to some customers. Over the life of the leases payments will be subtracted from the Deferred Revenue account and added to the Sales account. Are we agreed so far? Phil

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