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

To: Patrick Sharkey who wrote (18951)	10/29/1998 5:16:00 PM
From: Eleder2020	Read Replies (1) \| Respond to of 29386

Pat-Steve did mention the accounting method they were using. It might have been called The Black Shoal method or something like that. I can't remember but they did mention an accounting method they were using.Hope that helps. Ed

To: Patrick Sharkey who wrote (18951)	10/29/1998 5:21:00 PM
From: richroni	Read Replies (1) \| Respond to of 29386

Patrick, Perhaps it is possible that the receipt of cash may only generate a future performance or product related liability. The actual revenue gets reported when services are performed or goods delivered. (think of it as depreciation in reverse where the cost is spread out over an object's useful life) It would seem to me that a proper revenue recognition would consider the costs involved with the delivery of the service/product. That way an accurate income/expense picture would be painted. This of course is not based on any accounting expertise that I have. MOO Richard