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Technology Stocks : America On-Line: will it survive ...? -- Ignore unavailable to you. Want to Upgrade?

To: Sam who wrote (5437)	11/4/1997 5:18:00 PM
From: PAL	Respond to of 13594

Sam, you may be right. The yearend earnings are audited, yet AOL has been able to do magician accounting (now you see it in Q3 and now you don't because it is shifted to Q4, also where is that sale of AOL building?). The first quarter will be unaudited, thus AOL will have even more leeway in their bookeeping. Who is going to say it is not true? 9M members might become 12M for Q ending 9/30. AOL has a carte blanche for the numbers. BUT: AOL could be the next Oxford Healthcare. Outages: just blame it on the computer. Busy signal, just blame it on the computer and equipment. Sounds just Oxford. Yet, there might come the day when AOL is slow in paying its bills since Current Assets are way lower thanCurrent Liabilities. It cannot rob Paul to pay Peter forever. I for one look forward to the earnings report, and the rotten piece might start to emit odor. Therefore any price appreciation after the earnings report might be temporary. BTW today's WSJ has a box article about AOL e-mail problem.