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To: Mighty_Mezz who wrote (4826)12/30/1999 11:22:00 AM
From: Tom Terf  Read Replies (1) | Respond to of 7056
 
LFT revenue probably around 98-99 % of the total.
Note the use of the adjective "approximately."
Nice report.

Can't wait to see them collect the IOUs.



To: Mighty_Mezz who wrote (4826)12/30/1999 12:46:00 PM
From: Jeffrey S. Mitchell  Read Replies (1) | Respond to of 7056
 
Looks like my guess of $2.1 mill recognized from the LFT IOU was closest to the mark. :-)

Yes, you win. I was off by a quarter when I wrote:

Put me on record as saying $1.90M. I'm projecting a 50% increase for the next two quarters, i.e. 1.25 + 1.90 + 2.85 + 4.00 = 10.

I wonder why they chose to recognize so much revenue. After all, it's a paper transaction so they certainly had discretion.

- Jeff