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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (70096)	11/4/1999 6:00:00 PM
From: Les H	Read Replies (1) \| Respond to of 132070

Interesting article on chip upturn benefitting mainly the dominant players (AMAT, KLAC, NVLS, etc.) semibiznews.com

To: Knighty Tin who wrote (70096)	11/4/1999 9:35:00 PM
From: Exacctnt	Read Replies (1) \| Respond to of 132070

Mike, <<<And Fleck has already noted that MSFT revenues were negative sequentially for the first time I can remember.>>> For the record,MSFT had sequentially down revenue quarters in the fiscal 4th quarter of 1997, 1st quarter of 1998 and 3rd quarter of 1999. <<<He notes that MSFT used creative accounting ("Unearned revenues") to fudge sales last quarter.>>> MSFT dipped into the Unearned Revenue account this quarter primarily to reduce the increases in the account associated with coupons entitling purchasers of the old version of Office 97 to a free upgrade to Office 2000. The company deferred sales of Office 97 to the Unearned account and then reported them as sales when the coupon was redeemed. Also, in the 4th quarter of 1999 MSFT adopted SOP 98-9, and in doing so, they were required to change(lower) their percentage of windows and office revenues previously recorded as unearned, and increase the revenue recognized upon shipment of product. MSFT is my core holding, I couldn't let those statements slide.<g> Regards