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Technology Stocks : America On-Line: will it survive ...?
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To: S. maltophilia who wrote (5753)11/11/1997 1:50:00 PM
From: Todd Daniels   of 13594
 
>>AOL also said that it began charging refunds and other credits
>>related to online services against other revenues instead of
>>online services revenues.

'More conservative' HA! What they admitted is that they'd been
inflating ad-commerce by booking credits refunds against online
service revs which everyone knows are unprofitable. Clearly the
SEC and AOL's accountants forced this change. What AOL had been
doing was not GAAP compliant.
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