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Technology Stocks : Enterprise Informatics -- Ignore unavailable to you. Want to Upgrade?

To: Greg h2o who wrote (2429)	4/30/1998 3:48:00 PM
From: jackhach	Read Replies (1) \| Respond to of 13797

Elliot These rule(s) changes have been long in coming and have been bounced around for quite awhile. It was my understanding that these rule changes were to go into effect the first of this year -- if not prior. I know there was some debate/discussion about allowing companies to transition gradually to the the newer rules as opposed to implementing an abrupt/arbitrary change. To answer your question - Yes. The accelerated recognition of income by software companies has been a well-known and standard practice by CFOs. It was/is especially evident where the company is highly leveraged and may have a requirement to meet/maintain certain loan covenants. I'm sure ALTS is/has was no exception to this financial window dressing. It has been my hunch all along that some outside entity demanded a look at the books when ALTS was seeking additional capital, a merger/acquisition or possibly a desire to go private. -JH