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Gold/Mining/Energy : Calian Technology a Company with infinite growth potential

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To: John Sladek who wrote (64)11/16/1998 4:11:00 PM
From: Bloodhound  Read Replies (1) of 132
 
Just joined and have been following CTY for a while.

John from where I sit the unearned revenue is a GOOD thing. That is usually a deposit for work to be done. Also the fact that the backlog increased by 35% while having a RECORD quarter is also very positive.

Maybe I am wrong because I am not an accountant but I would think that if customers pay in advance for a service and that it shows up on the balance sheet as unearned ( that means its NOT a sale ) then I would say this in fact is much better then it looks.

Now I am only new to this service and I am not an accountant but....
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