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Technology Stocks : Simulation Sciences (SMCI)

SMCI 51.94

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To: Rational who wrote (103)	2/12/1998 11:29:00 PM
From: spiny norman	Read Replies (1) of 183

Mr Acharya, couldn't help but notice your background. What do you make of this line in the balance sheet? Unbilled accounts receivable, net '96 '97 8,799 26,584 I noticed that AZPN also uses this sort of accounting convention. I presume these indicate contracts 1-5 years out, but wouldn't there be a lot of room for imaginative accounting in bringing these down to the balance sheet? regards, spiny

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