SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : America On-Line: will it survive ...?
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: John Kratus who wrote (4304)8/7/1997 7:07:00 PM
From: Flan   of 13594
 
That is why I shorted TALK ( Tel Save ) a few months ago - They were pushing the bounds of accounting principles by not recognizing any of the contract expenses associated with the AOL contract. If they had recognized the legitamate expenses in relation to the length of the AOL contract they would have posted a significant loss for the qtr rather than the gain they made public. Call me crazy but if the contract is signed for 3 1/2 years then expenses should be recognized accordingly. TALK chose to recognize only a fraction of the expenses by stating that they expected the contract to be renewed and thus could legally stretch it out. What a joke? or maybe Fraud is a better word.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News