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: John Kratus who wrote (4297)	8/7/1997 5:35:00 PM
From: Ricardo Bekin	of 13594

"On a restated basis, therefore, the Company lost $4.7 million, or $0.05 per share, for the third quarter. Previously, the Company had reported a profit of $2.6 million or $0.02 per share." Oops! On May 5, when Case was discussing the third quarter, he had said: "At the same time, we have achieved profitability a bit ahead of schedule.'' How long can AOL keep playing accounting games? The only reason they showed a profit, it now turns out, is they had improperly recognized some revenue. I wonder if any of the people who bought shares between May 5 and today will want to sue AOL, once the price tanks... Ricardo

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