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: Jules B. Garfunkel who wrote (11085)	8/14/1998 1:30:00 PM
From: Todd Daniels	Read Replies (1) of 13594

>>Once the SEC resolves and announces its decision on AOL's >>accounting treatment of acquisitions, sales of companies,and R & D It's a lot more. AOL used the SEC discussions as excuse to not provide standard financials, but only items selected by AOL. So, for example, still unknown are critical items such as gross margins and whether reported EPS includes any cap gains, reversal of restructuring reserves, etc. Also not provided was any cash flow detail beyond net 'operating' $53 million ($0.22/share) or any balance sheet data other than total cash (presented without note that 35% of it is from borrowing). And so on. As is said, often the devil is in the details.........

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