Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 36.82

+1.5%

Dec 19 9:30 AM EST

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To: Amy J who wrote (167201)	6/28/2002 8:25:03 AM
From: John F. Dowd	Read Replies (2) of 186894

Put people on the B of D like Duke. This XRX thing further highlights the problem of revenue recognition. Evidently this is a case of booking a portfolio of lease revs. too early or moving them forward in the life cycle of the lease. This should have been picked up unless the leases were comingled across various time spans. There are all sorts of ways to obfuscate lease terms or mistakenly lump them together and recognize them too early especially if the customer prepays the lease for a discount. It is ironic that MSFT was taken to task for just the opposite of this and being very conservative in their recognition of revenues. JFD

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