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: Brent D. Beal who wrote (4296)	8/7/1997 5:21:00 PM
From: John Kratus	of 13594

These timing adjustments look like so much FUD to me. Here's the bottom line: in the fourth qurter of last fiscal year, AOL earned $16.1M ($0.14/share). This year AOL either earned $10.9M ($0.09/share) or lost $11.8M ($0.12/share), depending on whether part of the horrendous loss from the second quarter is shifted to the fourth quarter or not. Regardless of any timing adjustment, aren't earnings this year BELOW last year's? Is that what a company with a triple-digit P/E (going forward) is supposed to do? Chi and other bulls on this stock, I'm interested in why you would see this earnings report as positive. John short at 72 5/8

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