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

To: Paul Schmidt who wrote (909)12/5/1997 1:02:00 PM
From: Frank Herlant  Read Replies (1) | Respond to of 11417
 
Basically they can't claim it as revenue because they haven't earned it. When they meet the obligations of the contract then they can report it as revenue. They basically received the million as earnest money, if you will.

If and when they meet their contractual obligations the million will move to the revenue bracket.


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