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Technology Stocks : Spyglass -- Ignore unavailable to you. Want to Upgrade?

To: Bruce Cullen who wrote (1079)	9/2/1999 8:17:00 PM
From: Art Bechhoefer	Respond to of 1412

The more I think about it, the more I'd like to know how the contracts are written. Do they get any money up front, or does most of the money get paid when they deliver the goods? That raises a question on how the contracts get reported. A contract worth $25 million, for example, probably means that the work will generate that much in fees. If most of the fees come near the end, then this stock will not move much in the next few months. But after that it should blossom. Then again, if they are using accrual accounting methods, the payments could be reported at intervals throughout the life of the contract.