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Biotech / Medical : Bio Technology General - BTGC -- Ignore unavailable to you. Want to Upgrade?


To: Dave O. who wrote (1853)6/2/1999 11:32:00 PM
From: Jim Oravetz  Read Replies (1) | Respond to of 2028
 
I also noticed that they stated that revenues were recognized "when the product ships". This does seem to explain the large AR numbers you cited. To easy to stuff and the Olsten announcement seems to confirm that view.

Not sure about the inside sales numbers, but will look further.

One other thing, which is kind of becoming my pet peeve is the Top dogs salary. If you look at the pay raises that Sims has gotten (on top of the healthy bonus $ and options) and the performance graft of the stock vs. other industry #'s, you have to ask who is benefiting here? Certainly not the stockholder. Yet, the compensation comm. does not even site the usual BS about setting competitive salaries using some researched numbers. i.e. we pay this because 50% of the CEO's make this in our industry.

Jim