CCEE Breaking Out Message Board

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Microcap & Penny Stocks : CCEE Breaking Out

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To: Stan Price who wrote (7503)	10/30/1997 11:21:00 AM
From: Robert Marzullo	Read Replies (1) of 12454

Stan, The following is a paragraph from the url (http://www.computerconcepts.com/press/cc09151997.shtml) ---------------------------------------------------------------------- DelGiorno stated "SOFTWORKS' growing revenue backlog contributes significantly to, and is an important indicator of, long-term financial health since these revenues are guaranteed under contracts with customers. SOFTWORKS has been able to build this deferred revenue as a result of our conservative revenue accounting for multi-year contracts. Knowing this future cash flow is guaranteed enables SOFTWORKS to commit funds for development resources and product line enhancements that help solve the Year 2000 problem, as well as enterprise system performance and storage issues." ---------------------------------------------------------------------- My question is why add 150 millions to the Float if these deferred revenue are guaranteed ? Am I missing the boat? Bob

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