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Technology Stocks : The Learning Company (TLC) -- Ignore unavailable to you. Want to Upgrade?

To: arlequin fool who wrote (4400)	4/5/1998 10:38:00 PM
From: Carmine Cammarosano	Read Replies (1) \| Respond to of 6318

Wrong again...what is it about "ALWAYS" that you do not understand?

To: arlequin fool who wrote (4400)	4/6/1998 11:16:00 AM
From: henry watt	Read Replies (2) \| Respond to of 6318

Q:When does timing count? A: Juggling Sales, High Returns and Credits Ever wonder what TLC did with those high return allowances? It appears that the art of skillful juggling has been timed to avoid closer scrutiny. Let's begin by examining the cycle: 1) $67m in return allowances/ 97 = 17% of revenues all charged to costs & expenses. But wait, if they were charged, why hasn't the costs & expenses jumped proportionally? 2)$53m of returns were then deducted from C & E as credits back to the customers. This in return, boosts reveneus in the next sales cycle, but lowers A/R, and eventually is reflected as a lower asset balance. There still remains $29m in return allowances. The bottom line is, are TLC revenues overstated? PS: If Mindscape issues press release on new distribution agreement, will they advise if they lose Grolier, or ADAM ?