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Technology Stocks : America On-Line: will it survive ...?
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To: Pancho Villa who wrote (7526)2/11/1998 1:02:00 PM
From: Keith J  Read Replies (3) of 13594
 
Did a little better look at the product development expenses. AOL reported $23,632 as the "net" product development expense line item on the income statement. The fact is that they spent $29,714 on product development in the quarter. Or $6,082 more than what was reported on the income statement. After tax, that would work out to a little over 3 cents/share.

I've attempted to email Herb Greenberg about AOL's accounting. Maybe for a change he'll do something positive for me. <G>

KJ
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