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Technology Stocks : Acrodyne (ACRO) is one of two pure plays in the TV -- Ignore unavailable to you. Want to Upgrade?

To: Mr.G who wrote (1161)9/10/1998 8:48:00 PM
From: Paul Shield  Respond to of 1319
 
Revenues are booked at the time of delivery of the transmitter.



To: Mr.G who wrote (1161)9/15/1998 11:43:00 AM
From: Karl Drobnic  Respond to of 1319
 
ACRO's policy on orders has normally been to take a non-refundable
deposit at the time the order is placed, the bulk of the payment when
the transmitter is delivered to the site, and the remaining when it
is performing to specs. The ratio traditionally has been along the
lines of 10%-80%-10%. On international orders, a letter of credit guaranteeing payment has normally been required prior to work beginning on a transmitter.


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