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Technology Stocks : Siebel Systems (SEBL) - strong buy?
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To: j_b who wrote (1989)7/27/1998 2:10:00 PM
From: Mr. Bear  Read Replies (1) of 6974
 
This post seems to be missing a little point here...yes, a PORTION of the increase in DSO's was related to the increase in deferred revenue. This happens to be why it is possible to adjust DSO's for the change in deferred revenue, which when one does this leads to DSO's of 96 days....which says something about the linearity of the quarter. The absolute level of DSO's is not usually the issue, it is relative to previous levels.
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