America On-Line: will it survive ...? Message Board

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Technology Stocks : America On-Line: will it survive ...?

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To: Andre Lukas who wrote (4532)	8/19/1997 11:55:00 PM
From: Harry Larson	of 13594

>AOL would have issued a revised figure and trumpeting that gain. Why? Such gain would be extraordinary and not considered for purposes of comparison with earnings estimates. By that same token, if there was a loss, surely they would want to get it out of the operating net EPS. >AOL claimed that the internet business is new hence their >accounting method is appropriate. ..... >However, I would not be surprised if guidelines issued for GAAP >relating the internet That is such nonsense! The AOL-TALK deal is a straightforward advance against commissions. The SEC simply opined that AOL was recognizing more than it should have. The Internet has nothing to do with it. BTW, the AOL-TALK agreement was filed by TALK along with their 1996 10K. It's on EDGAR. What with the complexity of deals done in traditional media,(e.g. by Disney, TCI, etc.), it is preposterous to claim that the Internet is producing deals with basic business terms that have never before been seen in the history of the planet.

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