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Microcap & Penny Stocks : Centura Software Corporation (NASDAQ:CNTR) -- Ignore unavailable to you. Want to Upgrade?

To: Matt Burton who wrote (1822)	11/6/1997 2:59:00 AM
From: MENSO	Read Replies (1) \| Respond to of 2428

>>> do you remember when we got into a mild argument (gee, that narrows it down) <<< Sad but true. >>> Do you recall? <<< No. Not really, Matt. Sorry. Why don't you argue (no pun intended) your point again if you like ?

To: Matt Burton who wrote (1822)	11/6/1997 5:20:00 PM
From: David Miller	Read Replies (1) \| Respond to of 2428

>>I'm relatively positive I was referring to deferred revenues<< I think that this is where the discontinuity exists - to my eyes Leo was referring to the postponement of revenue recognition at a "deal" level, i.e. the company was not rushing to recognize revenues at the end of a quarter, when they had the option to "bottom drawer" the order. This differs substantially from cash received, for which value is delivered at a later date - this is the "deferred revenue" balance sheet item. Think of it in balance sheet terms: cash inflates the assets, and must therefore be balanced in the liabilities. It does so either via the P&L (inflating profit, hence retained earnings) by being recognized as revenue, or via the B/S item, deferred revenues. hope this helps david