America On-Line: will it survive ...? Message Board

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Technology Stocks : America On-Line: will it survive ...?

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To: Gary Wisdom who wrote (10151)	6/3/1998 4:46:00 AM
From: H James Morris	of 13594

By LINDA SANDLER Staff Reporter of THE WALL STREET JOURNAL Not for the first time, highflying America Online is using fancy accounting methods, creating dollops of extra earnings that carry the stock higher. The provider of on-line services has assured analysts that it has its auditors' blessing for a controversial, seldom-used sale-leaseback transaction that accompanied a $430 million asset swap in January. America Online also has persuaded Wall Street to accept an unusual rationale for treating some capital gains from stock sales as regular earnings.

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