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Technology Stocks : Information Architects (IARC): E-Commerce & EIP

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To: Runner who wrote (4711)	3/10/1998 12:32:00 PM
From: Pancho Villa	Read Replies (1) of 10786

Wall Street is a corrupted leaky boat. I bet you the auditors leaked out that the final numbers are out of line with the ones in the press release. IMO the most tricky part is revenue recognition, You may get a contract but you cannot recognize the revenue in full, you only bill and recopgnize as you reach mile stones specified in the contract. In previous 10Q ALYD cited problems with their clients being slow/negligent in providing the code (ALWAYS MY EXPERIENCE IN DEALING WITH LAZY CLIENTS WHO DON'T WANT TO DO THE WORK IN THE FIRST PLACE!) Pancho

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