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Technology Stocks : Siebel Systems (SEBL) - strong buy?
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To: j_b who wrote (1989)7/31/1998 8:50:00 AM
From: APPTRADER  Read Replies (1) of 6974
 
In fact, Scopus's Revenue Recognition Policy was based on actual payment. If receipt of revenue was not anticipated within 90 days, the revenue recognition would be deferred until such time as receipt could be anticipated with 90 days. Michelle Axelson, the former Scopus CFO helped author the currently accepted revenue recognition guidelines and took a VERY conservative view on revenue recognition. I believe that Howard Graham is continuing the same policy. As a result, deferred payment = deferred revenue.

i.m.h.o.
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