Conversion of timestamps between multiple entities within a computing system

Method, apparatus and system are described for converting received timestamps to a time-recording standard recognized by the receiving computing system. Embodiments of the invention generally include receiving data from an external device that includes a timestamp. If the received data is the first communication from the external device, creating a time base used for converting subsequently received timestamps to a recognized standard. Moreover, the system updates the time base if a counter failure at the external device is detected. When the external device transmits subsequent data, the time base is added to the subsequently received timestamps to convert the subsequent timestamps to a time-recording standard recognized by the computing system.