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Technology Stocks : FirstWave Technologies (FSTW) -- Ignore unavailable to you. Want to Upgrade?


To: McNabb Brothers who wrote (299)9/16/1998 3:31:00 PM
From: Russian Bear  Read Replies (2) | Respond to of 9677
 
Hank,

I second your sentiments!

If I am not mistaken, management indicated earlier that current Netgain revenue (such as it is -- it can't amount to much during the beta-test period, in any event) would only be recognized when Netgain is released. For a company with quarterly revenue of only a few million, however, even one or two hundred thousand additional dollars is significant.

September 30 seems like an odd release date, otherwise. My guess (worth what it costs) is that they chose this date purposely, as it gives them the most time to orchestrate a smooth roll-out, consistent with recognizing at least some revenue in this quarter.

Take care,
RB