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: James F. Hopkins who wrote (2303)	3/9/1997 8:12:00 PM
From: Harry Larson	of 13594

>how relutent they are to have the amount of users churn rate, >refunds, and credit card charge backs made known AOL's posture suggests they don't intend to even reveal in their financials variance between the $24m Q2 charge (estimate of refunds) and the actual refunds made. The $24m establised a reserve on the balance sheet. The actuals are booked against that and any difference becomes adjustment to Q3-4 income statement(s). IOW if they overestimated, Q3 and/or 4 earnings increase. If underestimated, there's decrease. But it seems they intend to hide all of this clearly `material' information in larger categories on the balance sheet and income statement. Bear in mind that every $1m change equals about $.01 earnings.

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