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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: J.T. who wrote (13807)7/25/2002 3:53:48 PM
From: Softechie   of 19219
 
Broader SEC Probe Into AOL Accounting Expected - FT

NEW YORK -(Dow Jones)- AOL Time Warner Inc. (TWX - News) is expecting the U.S. Securities and Exchange Commission to widen its investigation into past accounting practices at its AOL unit, The Financial Times reported on its Web site Thursday.

The report cited "a person familiar with the investigation" as saying that the company was prepared for the investigation to go beyond the initial allegations about a handful of online advertising transactions in 2000 and 2001.

"I expect they will look more broadly," the person was quoted as saying. "The focus will probably be on AOL but not limited to it."
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