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Technology Stocks : America On-Line: will it survive ...?
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To: Brian K Crawford who wrote (1728)2/14/1997 12:52:00 PM
From: Harry Larson   of 13594
 
>Craig McCaw built a wireless business, juggling infrastructure
>buildouts and operating cash flows with junk bond financing.
>I don't think he ever turned a profit, prior to selling to AT&T
>for megabucks.

But his company had hard ASSETS -- including network paid for rather
than leased AND cellular licenses of huge value -- and large positive
operating cashflow.

AOL has NOTHING comparable.

>Above the line, below the line, recurring, non-recurring. *&%$!
>Too noisy!

Tell that to the market when it catches on that Q3 earnings won't be what they seem to be.
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