SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : INPR - Inprise to Borland (BORL)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: shane forbes who wrote (1403)10/22/1998 9:30:00 AM
From: shane forbes   of 5102
 
SOP 97-2 requirements (Cliff notes version from zdnet)

1) Persuasive evidence of a sale must exist
2) Delivery must have occurred
3) Fees for elements of a package deal must be specified
4) Collection of payments must be probable

---

Unlike say Informix where (1) was questionable big-time; unlike
say Baan where (3) I believe was also questionable, Inprise may have had to defer the non-refundable fees (some part of the 2m presumably) I believe because of (2). I think even though up-front non-refundable fees, to me at least, seems like something you could
book now (since it is money in the bank for the deal in question), maybe the fact that delivery has not taken place means it
has to be deferred. Certainly it is NOT (1), (3) or (4) - don't ask me how I know - let's just say a little nefarious birdie told me so.

---

Finally one more and I am outta here for a long while:

On the stock buyback 1.6m at $6.44 is quite good. However this is $10 million smackers out of the kitty. I think it is prudent to not burn too much cash indisriminately until the other 15m from Starfish arrives. Then buy about 1-2m. or so over the next month as the price warrants. And those convertible holders are lucky!

---

Shane (mid 40s in late 2001/early 2002)
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News