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Technology Stocks : John, Mike & Tom's Wild World of Stocks -- Ignore unavailable to you. Want to Upgrade?


To: John Pitera who wrote (2098)12/21/2000 8:13:10 AM
From: Logain Ablar  Read Replies (2) | Respond to of 2850
 
Mike:

I still have concerns with LU. In reading an article in yesterday's journal it seems they were giving discount coupons on products sold this year to be used on yr 2001 purchases. While this is an acceptable sales incentive practice the company was recording the full sale price in yr 2000 revenue. This is not an acceptable revenue recognition practice under FASB / SEC guidlines.

JMO but I don't think the $125M they mentioned last qtr is the full ice berg.

Tim