Well, all that anticipation and it came down to .16, .04 over and .02 over the highest eps figure (what was the whisper, .14?). I'm not sure where this talk about "investment" one time charges came from. That was last Q, with Excite. BTW, I think they mentioned AOL has about a $280 million dollar gain sitting in the coffers in investments. Not to shabby. This is from the release, no mention of investment income...
Diluted earnings per share:
---------------------------
As reported $ 0.08
Add:
Restructuring charge 0.14
Acquired research and development 0.04
Deduct:
Assumed tax provision (0.10)
Before restructuring charge and acquired research ---------
and development, net of assumed tax provision (1) $ 0.16
=========
(1) This diluted earnings per share figure assumes that the Company
did not apply net operating loss carryforwards against current
period income and was therefore required to record a tax
provision at its effective statuatory tax rate, and is
calculated on a basis consistent with analysts' financial models.
Deferred network cost...WCOM deal. Funny that bears say cash flow is meaningless, yet harped about it when there wasn't any. BTW, look for AOL.COM to come out with their own "portal." I guess they just couldn't resist. BTW, traffic to AOL.COM, 30% or so from non aol ip's.
NetChannel gonna be folded into the mix...hmm, something to do with TV. Remember when I said AOL has it's eye on the ball concerning emerging technologies? What happened to all the bears ranting about xDSL and WebTV taking over? AOL will leverage its position - ala rollout test of xDSL service, acq. NetChannel to position for the tv medium.
If you haven't listened to the conference call, do so (I hope those of us long and short did!). Good luck.
S.
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