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: Shafiq Ebrahim who wrote (1582)	2/7/1997 5:00:00 PM
From: John Howell	of 13594

Shafiq, That's not all. Here's part of the article... "In our view, many of America Online's extraordinary charges during the quarter were somewhat less than extraordinary and would have been more appropriately recognized as regular operating results," Cohen said. He also pointed out that AOL chose to recognize as revenues subscriber payments while at the same time treating the refund of those same payments as a non-recurring charge." The fact that AOL has again used questionable accounting proceedures underlies (IMO) what is wrong with this company. It seems that Steve Case believes that the perception of the company is more important than the company itself.

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