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Technology Stocks : America On-Line: will it survive ...?
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To: yuedong wu who wrote (4395)8/9/1997 10:09:00 AM
From: J.S.   of 13594
 
Yuedong,

Congratulations for calling attention to the tax issue. I just checked
the previous 10Q and found this:

"As of March 31, 1997, the Company had available net operating loss
carryforwards of approximately $679,000,000 for tax purposes, which will be available, subject to certain annual limitations, to offset future taxable income. If not used, these loss carryforwards will expire between 2001 and 2012. To the extent that net operating loss carryforwards, when realized, relate to stock option deductions, the resulting benefits will be credited to stockholders' equity."

It would seem that 10 million/quarter would be well within the
annual limitation, so it looks like I am wrong in claimimg
that they erred in saying AOL would have posted a $.09/share
earnings. I apologize for any misstatements. The briefing.com
piece is still not accurate and should be corrected.

Joe
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