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Message: RE: Advance payments on purchase orders...Larry...

RE: Advance payments on purchase orders...Larry...

posted on Feb 04, 2005 07:51AM
Gil,

I would love to be wrong but I thought it was already established that a down payment cannot be booked as revenue until the delivery is made. When they group revenue and advanced payments in the same sentence it`s hard to decifer what is going on. It`s like saying Pedro Martinez and David Ortiz combined batting average is .325.....kind of makes Pedro`s bat sound formidable. The issue with me is not that we`re going to book the 2.2M. It`s that most of it isn`t going to appear in the 3rd Q`s financials unless they somhow delivered in the last week of Dec.

Don`t get me wrong I`m still very positive on the company but I`m not goint to set any expectations on next weeks financial disclosures based on their guidance.

Larry

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