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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: reaper who wrote (142088)1/7/2002 6:08:36 PM
From: reaper  Read Replies (2) of 436258
 
a mere $50 billion charge at AOL Time Warner

i know its not cash, just reflective of the monopoly money they paid with, but jeez

i wonder if anybody is pissed at Levin that the old TWX shareholders only own 50% of this pig?

5:02PM AOL Time Warner (AOL) 32.68 +0.73: -- Update -- Will take $1.5-$1.8 bln of non-cash charges primarily related to the revaluation of certain equity investees and market declines in the co's investment portfolio. AOL will take a one-time charge in Q1 of $40-$60 bln to reflect overall market declines since the AOL Time Warner merger was announced in Jan '00. This charge will reflect the cumulative effect of adopting FAS 142 and does not affect the co's operations.

Cheers
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