VALENCE TECHNOLOGY (VLNC) Message Board

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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: Zeev Hed who wrote (5338)	11/19/1998 12:21:00 PM
From: kolo55	Read Replies (2) of 27311

What is "material" is defined in GAAP. I believe that what a "material" transaction is defined in GAAP. I had a discussion this year with a CFO about an acquisition that involved issuing shares. The announcement said the acquisition was a "non-material" event, and I wondered what that meant. The CFO indicated that if the shares issued were less than 10%, then the transaction wasn't "material". The annual SEC filing requires the disclosure of all customers over 10% of revenues. I'm guessing that a contract more than 10% of revenues is considered a "material" event. I don't know if there is a 'floor' of a certain dollar amount. If you have someone who is familiar with US GAAP, I suggest you ask them this question. Paul

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