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: Randy Tidd who wrote (572)	11/12/1996 11:14:00 PM
From: Art Stone	of 13594

Yep, you've pretty much nailed the financials of AOL. The only two things you didn't mention is that AOL (as of Sept 30th) had working capital of Negative 53 million, and Negative "retained earnings" of about $340 million (taking $519 million in 10k as "paid in capital" - $178 from the press release "Stockholder's Equity"..... This leaves "book value" of AOL at between $1.50/$2 per share, and a $340 Million comittment with BBNPlanet to build out AOLNet with a plummeting income stream. Borrowing a line from Yogi Berra (I think), After December 1st, AOL will be so busy that nobody will go there anymore. 7 million customers / 170,000 modems = (?)

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