Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Mattson Technology -- Ignore unavailable to you. Want to Upgrade?

To: John Stewart who wrote (3275)	1/31/2001 10:03:43 PM
From: ELH1006	Read Replies (2) \| Respond to of 3661

John, after studying today's report, I am confused by the effects of SAB 101. For the quarter there is $14.4 million of revenue difference between the historic and SAB 101 numbers, yet the deferred revenue number is $40.7 million. Does this mean that there were previous shipments prior to 10-1-00 that have yet to be recognized as income due to customer acceptance or some other reason? Also, if the deferred income is included in the $109.9 million backlog number, does this mean that the true backlog number is only $69.2? Furthermore, assuming a GP rate of 50% and an incremental tax rate of 35%, there would appear to be $13.2 million of net income relative to shipments out the door at 12-31-00 (the deferred income). This equates to 63 cents per share. These statements are difficult to analyze, especially in view of the new deferred revenue account. Eddie