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Technology Stocks : America On-Line (AOL)

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To: Sonny McWilliams who wrote (8927)	4/1/1999 12:52:00 AM
From: Sonki	Read Replies (1) of 41369

Sun role could impact accounting of AOL deal - WSJ sonny, u want to explain this to me in english? (tia) NEW YORK, March 31 (Reuters) - The degree of Sun Microsystems Inc's involvement in the recent America Online Inc stock deal with Netscape Communications Corp . could affect the way AOL is allowed to account for the transaction, the Wall Street Journal reported Wednesday. If regulators conclude that Sun effectively bought Netscape's corporate-software business, AOL could be required to account for the deal differently, the newspaper said. It could incur as much as $9.7 billion in "goodwill" charges against earnings over a number of years, the newspaper reported. As a result, AOL would take between $96 million and $243 million in annual earnings charges, using a conservative 40-year write-off period. Officials at AOL told the newspaper they are confident the company has met the accounting requirements. AOL closed up 12-13/16 at 144-3/4 Tuesday on the New York Stock Exchange and Sun closed up 1-7/16 at 125-15/16 on Nasdaq. ((-- New York Newsdesk 212 859-1700))

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