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To: JohnG who wrote (33408)6/27/1999 8:47:00 PM
From: Morgan Drake  Respond to of 152472
 
Your right. But Thornely said they had made their numbers by the end of May. He's the CFO. I would think he knows the difference between bookings (orders) and billings (shipments) the latter which generate revenue recognition, upon which earnings are based. Orders could always be canceled between order time and ship time, but billings equate to shipments, right? Plus, they did say during the last cc that the B:B ratio (for whatever segment) was 1.7:1.0 *at the time of the conference call*. Since then, I think business has gotten better rather than worse for all their segments, or rather than it just staying the same.

Just my speculations. Appreciate others/critiques.

Morgan