The New QLogic (ANCR) Message Board

STOCKTALK

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 : The New QLogic (ANCR)

QLGC 16.07

0.0%

Aug 24 5:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: trendmastr who wrote (18866)	10/28/1998 8:02:00 AM
From: Patrick Sharkey	Read Replies (2) of 29386

The press release makes me wonder whether any of the Inrange money comes with strings so that payments must be returned in the event that Inrange doesn't ship sufficient product; otherwise, why isn't cash recognized as revenue, when received? The answer could be that the agreement provides in some fashion that the revenue is not earned until product ships -- over a five-year period of time -- and that unearned revenue must be returned. The press release also makes me quite curious about the anticipated margins on the Inrange revenue. Was this really a clever, and thoughtful, financing deal, and Ancor discounted product heavily to get advance cash payments which we cannot even book as revenue because of something not yet disclosed which prevents Ancor from doing so under GAAP? These are questions that I hope are discussed during the conference call?

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next