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To: Cary Salsberg who wrote (4755)	1/25/2002 12:21:55 PM
From: Sam Citron	Read Replies (1) \| Respond to of 5867

revenues require acceptance, an accounting requirement with questionable value That may be your opinion, but acceptance is more than a contrivance designed to make the lives of investors more complicated. As I learned in my first year of law school, acceptance is a fundamental element to the existence of each and every contract. Revenue recognition is very serious stuff, because so many companies have played games with the numbers to smooth their quarterly results. Fortunately this has not yet happened in the semi-equip industry, but the pressure on firms to march to the drumbeat of Wall Street is intense. Since top line figures are awaited by investors with breathless anticipation, it is not a bad idea IMO, to be sure that all companies are on the same page and in strict compliance with tough uniform standards. I think I have made a reasonable case in defense of the new accounting standard. Now it is up to you to demonstrate why it is "of questionable value" and what cost or harm there may be in it. Sam