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Tinroad

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Tinroad

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Re: friendlyfred post# 60378

Saturday, 02/14/2004 11:10:44 AM

Saturday, February 14, 2004 11:10:44 AM

Post# of 93817
Fred, per the 10Q fine print:
"With most of our consumer electronics retailers, we do not meet the criteria for revenue recognition upon shipment and therefore only recognize the revenue as the product is sold through our customer to the ultimate end-user." Put another way, the revenues from HD1213s might not get recognized until the units are in stores. However, as I stated previously, IMHO this isn't a great deal of revenue being tied up. Even if we earn $50-60 per unit shipped (remember, the target price for the HD1213 was only $400), we're only talking $200K-240K spread over several quarters.

Always tell the truth. Then you'll never have to remember what you said the last time.

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