Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Ilaine who wrote (28159)	1/29/2003 6:16:18 PM
From: EL KABONG!!!	Read Replies (1) of 74559

CB, Well, I think the handwriting is clearly on the wall now, so to speak, and AOL is in really deep doggie doo... If one looks at the numbers, virtually the entire $45B loss comes out of shareholders' equity from the Time-Warner unit. AOL also accounts for virtually all of the $54B loss in the first(?) quarter of the year. That's almost $100B down the crapper. Let's see. In the past few months or so, Gerald Levin (CEO?), Bob Pittman (COO?), and Steve Case (CoB) have all gone bye-bye. Now add Ted Turner to that list. I think their house is darn near empty by now. If one were to call AOL on the telephone, one would likely hear the echo of a pin dropping on the other end of the line. I only "knew" (in the cyber-sense) a few souls that bragged about being employed by AOL. The few I "knew" struck me as being arrogant in the extreme, apparently a prerequisite for being employed by AOL. What goes around comes around, I guess... KJC

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