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biotech_researcher

08/04/10 8:04 PM

#1171 RE: Bxofscidad #1170

Barry, you're a smart guy, however, please listen to the CC from today. Harvey and company clearly stated that all milestone payments and royalties will be booked as revenue, not earnings. And, if you think about for a minute, that is how you want it. You want to book it as revenue so you can offset expenses against it. If you book it as profit, uncle sam takes 38% of it right off the top.. You want to offset that with expenses before uncle same takes their cut..

BR

intune

08/05/10 10:30 AM

#1182 RE: Bxofscidad #1170

Nicely put Barry -

Your predictions are in line with my upside expectations for Ariad.