Businessweek Archives

"Lots More Money To Count" (In Business This Week, Jan. 10, 2000)


Corrections & Clarifications

"Lots more money to count" (In Business This Week, Jan. 10, 2000)

"Lots more money to count" (In Business This Week, Jan. 10) included some inaccuracies. Microsoft Corp.'s revenue-recognition policy, begun by former Chief Financial Officer Mike Brown, recognizes a portion of the revenues of some products in quarterly increments over periods extending as long as three years. The accounting method is required by generally accepted accounting principles. Although Microsoft sets the percentage and the time span, it does not alter the recognition schedule once set. It is not a rainy-day fund.Return to top

"Vintage year for wine Web sites" (Lifestyle, Jan. 24, 2000)

"Vintage year for wine Web sites" (Lifestyle, Jan. 24) incorrectly said that WineShopper.com, among other online wine merchants, was getting local licenses to sell products. The San Francisco company says it has not obtained these licenses, adding that "in many states, because of legal or contractual constraints, [it] would not be able to operate lawfully or in accordance with its business plan if it had any such licenses."Return to top

TABLE

"Burying the hatchet buys a lot of drug research" (News: Analysis & Commentary, Jan. 31, 2000)

An incorrect table accompanied "Burying the hatchet buys a lot of drug

research" (News: Analysis & Commentary, Jan. 31). The correct table follows:

A Big Pill to Swallow

Top 10 Pharmaceuticals

2000 ESTIMATED

COMPANY SALES IN BILLIONS

1 GLAXO SMITHKLINE $25.0

2 MERCK 20.0

3 PFIZER 16.9

4 BRISTOL-MYERS SQUIBB 16.5

5 ASTRAZENECA 16.4

6 AVENTIS 14.6

7 JOHNSON & JOHNSON 12.4

8 PHARMACIA & UPJOHN/MONSANTO 12.3

9 NOVARTIS 11.7

10 ROCHE 11.2

DATA: SG COWEN, MEHTA PARTNERS, MORGAN STANLEY DEAN WITTER

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