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Technology Stocks : America On-Line: will it survive ...?
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To: Art Stone who wrote (3180)5/21/1997 9:46:00 PM
From: jack rand   of 13594
 
>The really strange thing about this 10-Q is that there is *no*
>information at all about the thing which had the most dramatic
>impact on improving the balance sheet - the Tel-Save deal.

But the entire contract is a part of TALK's 1996 10K (ex some
crucial details deemed confidential)

>During the quarter, AOL paid down their accounts payable a lot.

Yeah, by taking in Q2 charges for expenses actually paid in Q3, like
$27m in payments to IPs. This via the motherlode of earnings management -- reserve accounting -- which AOL spins with the best
of 'em.
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