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To: JakeStraw who wrote (6465)2/9/2001 3:38:41 PM
From: Northern Marlin  Read Replies (2) | Respond to of 10934
 
Hi Jake,

I think what touched off this balance sheet discussion was your question about the $6M increase is non-current liabilities. That seems a small amount to me for a balance sheet of this size.

More importantly I'd like to discuss with you the Deferred Revenue line item in Current Liabilities. It jumped from $45.9M at to $62.9M at the end of the quarter, an increase of $17M. During the conference call senior staff referred to leasing equipment to some customers. Over the life of the leases payments will be subtracted from the Deferred Revenue account and added to the Sales account. Are we agreed so far?

Phil



To: JakeStraw who wrote (6465)2/9/2001 3:46:58 PM
From: DownSouth  Read Replies (1) | Respond to of 10934
 
I suspect your perspective is as biased as mine. Good products, well positioned marketplaces, good management are what product good financial statements.