Re: Rick are these in the Numbers or NOT !!
in response to
by
posted on
Apr 11, 2008 09:58AM
Our 10Q only has to include our share of PDS revenue/exp on one line of our financial statement: 'Equity Earnings in Affiliate". Thus, we can only report our share of what PDS booked. So if PDS did not book Feburary's announced licenses in February then it is impossible for us to book our share of them.
This all then leads to the next question (that I postulated yesterday): What is PDS's revenue recognition policy? It seems it may vary from ours in that licenses announced in February would likely have been booked if PDS followed PTSC's revenue recognition policy.