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To: Armand Perez who wrote (3846)4/17/1998 3:02:00 PM
From: REH  Read Replies (2) | Respond to of 93625
 
Armand: I never said they would plop the deferred revenue into one period - I just pointed out the size of it and how its grown from $ 14.3M to $ 39.4M in 12 months, then I related it to the stock price and relative P/E. By the way: In the same time-frame contract revenues (realized) were a total of $ 25.5M. I'm sure you see the picture without looking in your GAAP guide.

You're welcome anytime to post opposing views but it would be nice if you also explain them.

reh