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Technology Stocks : The New QLogic (ANCR) -- Ignore unavailable to you. Want to Upgrade?

To: Patrick Sharkey who wrote (18868)10/28/1998 8:27:00 AM
From: Kelly Igou  Read Replies (1) | Respond to of 29386
 
<<why isn't cash recognized as revenue, when received?>>

My company books it's revenue under the principle that the revenue gets booked in the quarter that the deliverable is "consumed", i.e. when the revenue is "earned", regardless of when the cash was received.

This appears to be the principle being applied by Ancor.

Obviously, to an accountant, cash is different from revenue.



To: Patrick Sharkey who wrote (18868)10/28/1998 9:01:00 AM
From: iceburg  Read Replies (1) | Respond to of 29386
 
Patrick,

If I am reading the press release correctly, Ancor is going to recognize roughly $470,000 per quarter for the next 5 years from the INRANGE deal plus additional royalties once sales exceed that which cover the original $2M in prepaid royalties.

Make sense? Clear as mud. Hopefully the CC will provide more gory details.

Steve


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