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Technology Stocks : FirstWave Technologies (FSTW)
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To: Mike M who wrote (7336)12/28/2002 11:06:11 PM
From: TEDennis  Read Replies (1) of 9677
 
Here's the definition of "Revenue recognition" from FSTW's annual report:

We recognize revenue from software product sales upon shipment of the product when we have a signed contract,
the fees are fixed and determinable, no significant obligations remain and collection of the resulting receivable is probable.
firstwave.net

Those are AND conditions.

So, I guess they don't consider the completion of the development of the product a "significant obligation"?

TED
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