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Non-Tech : Telespectrum Worldwide (TLSP)
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To: Northern Marlin who wrote (255)10/23/1998 7:28:00 AM
From: Rob Riordan  Read Replies (1) of 265
 
My take on what it meant was that it was still being kept on the books as a receivable (because they probably feel they will collect most of it) but that they had already provisioned for it in case it does not come in by increasing their reserves for bad pay. I am assuming (and this is where the 10-k should shed some light) that if they do pay, it goes to the bottom line because they would not need the reserves as high anymore. Time will tell. Thanks. Rob
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