Roger's 1997 Short Picks Message Board

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Strategies & Market Trends : Roger's 1997 Short Picks

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To: Roger A. Babb who wrote (7016)	11/15/1997 1:50:00 AM
From: Shoe	Read Replies (1) of 9285

Roger, CTXS's treatment of the $75 million MSFT payment is clear, isn't it: "The initial fee of $75 million relating to the Development Agreement is being recognized ratably over the term of the contract, which is five years." So $3,750,000 per quarter or roughly .13 per share is what you would call just collecting payments on an asset sale completed in 1997 (although purportedly there are engineering and support services to be performed connected to the "nonrefundable" payment). They would not have recognized any of the up to $100 million additional payments based on Hydrix yet, would they? -- Shoe

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