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Strategies & Market Trends : Roger's 1997 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: Daniel Chisholm who wrote (7050)	11/15/1997 6:04:00 PM
From: Pancho Villa	Read Replies (1) \| Respond to of 9285

Daniel, RE: CTXS: >>CTXS MSFT revenue recognition<< Dan, you are 100 % right! they "replenished" the current lliability because they still plan to expense 15/4 in each of the following four quarters by moving $3.75 million from the long term portion. Pancho PS: I could not stop blaming myself for not seeing the transaction even after a quick look. I went back to the 10Q and noticed they do not show a balance sheet for the begining of the period i.e., 6/30/97 which would have made it much easier to see the transaction I had memorized the 15 million from the previous 10Q but not the LTL I just remenbered it was about 50-60 million. I thought good accountants always "frame" an income statatement in between two balance sheets dated begining and end of period respectively. Seems sloppy!