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Technology Stocks : America On-Line: will it survive ...?
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To: Todd Daniels who wrote (2057)3/1/1997 10:16:00 PM
From: Harry Larson   of 13594
 
Also:

"AOL, he notes, has essentially no problems with receivables, because
memberships are almost always paid by credit card, and no inventories
to finance."

1) For the June quarter AOL revealed that it had in that quarter alone, terminated 300,000 accounts established by fraudulent credit cards.

2) As AOL revealed in its Q2 conference call (as reported by MFool) tucked away in the $91m of Prepaid Expenses and Other Current Assets is double digits of INVENTORY of merchandise sold via the AOL store. (And AOL doesn't say what method it uses to value that inventory, which of course impacts earnings).
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