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To: JMD who wrote (7933)6/7/2000 4:45:00 PM
From: Snowshoe  Respond to of 10309
 
Speaking of MSFT: Judge Orders Microsoft Split in Two
dailynews.yahoo.com



To: JMD who wrote (7933)6/7/2000 5:02:00 PM
From: umbro  Read Replies (1) | Respond to of 10309
 
JMD, thanks for the reminder of Micro Strategy's woes (MSTR). I found this story covers the events at MSTR pretty well:
upside.com

Note that accounting problems had more to do with moving sales from one quarter back into a prior quarter:

A brief article in Forbes in early March noted that in several instances, MicroStrategy had announced deals after a quarter was closed yet the revenue had somehow found its way back into the previous quarter. Clearly, the company needed a more sophisticated, granular set of accounting techniques.

Which isn't quite the same as booking pre-paids as they come in. But, I get your point: conservative is better than the scary alternative. On WIND's recent quarterly results,
corporate-ir.net


there's an item under assets:

April 30, 2000 Jan 31, 2000
Prepaid and other
current assets 40,096 35,375

and this item under liabilities:

Deferred revenue 55,712 49,401


Would you/Allen shed some light, on what those line items represent?