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Technology Stocks : Computone (CMPT)
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To: K. Voytell who wrote (33)6/25/1997 9:33:00 PM
From: John Wight  Read Replies (1) of 76
 
The recently in vogue practice of counting a sale as a sale when product is sent to a distributor that has the right to return it is one that has gotten a lot of companies in trouble, and left thousands of their shocked shareholders holding millions in losses. Our company's auditors, thankfully, spared us the mirage of illusory earnings in favor of a more conservative approach- book a sale when Capella books it.

$1.4MM probably means roughly $.25MM EBIT, divided by 6.4MM shares= $.04/share foregone profit.

Good play on UIS!
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