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Technology Stocks : JMAR Technologies(JMAR)
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To: Starlight who wrote (9385)3/30/2001 11:08:54 AM
From: Starlight  Read Replies (2) of 9695
 
This important bit of information was in the Appendix to the news release, and some of you might have missed it:

Initial versions of the company's VeloSync FIFO chips started flowing from TSMC into JSI's inventory during the latter part of Q4, but the company's full line of VeloSync products did not reach All American's shelves until mid-February 2001. Although All American placed significant orders and paid JSI for delivery of initial shipments in 2000, the company elected not to recognize any revenue until confirmation of the resale of those products to end users. Accordingly, significant sales efforts did not commence until the latter part of February 2001 when JSI began to report significant levels of customer inquiries and interest in our products.
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