wstl's intangible assets consist of product technology, customer relationships, trade names, and backlog derived from acquisitions.
I have a difference of opinion. I believe that product technologhy (ie patents), customer relationships (ie sales contracts), backlogs, etc. have a real measurable value that benefit future cash flows. I not as concerned about the timing of recognition as a willingness to neglect to recognize them as a legitimate cash outflow incurred to generate cash inflows.
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