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To: Wizard who wrote (97132)	3/22/2000 1:10:00 PM
From: Glenn D. Rudolph	Respond to of 164684

regarding VIGN vs MSTR accounting, they were opposite. Wizard, I am counting o you:-)))))

To: Wizard who wrote (97132)	3/22/2000 1:26:00 PM
From: Glenn D. Rudolph	Read Replies (1) \| Respond to of 164684

Yes sir you are correct!From the 10Q: We derive our revenue from the sale of software product licenses and from professional consulting, maintenance and support services. Product license revenue is recognized when persuasive evidence of an agreement exists, the product has been delivered, we have no remaining significant obligations with regard to implementation, the license fee is fixed or determinable and collection of the fee is probable. Services revenue consists of fees from professional services and from maintenance and telephone support. Professional services include integration of software, application development, training and software installation. We bill professional services fees either on a time-and- materials or on a fixed-price basis. We recognize professional services fees billed on a time-and-materials basis as the services are performed. We recognize professional services fees on fixed-price service arrangements on the completion of specific contractual milestone events, or based on an estimated percentage of completion as work progresses. Our clients typically purchase maintenance agreements annually, and we price maintenance agreements based on a percentage of our current product list price. We price telephone support based on differing levels of support. Clients purchasing maintenance agreements receive unspecified product upgrades and electronic, Web-based technical support, while purchasers of support contracts receive additional telephone support.