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


To: Todd Daniels who wrote (5654)11/7/1997 6:06:00 PM
From: PAL  Respond to of 13594
 
Todd, AOL has the creative ways of accounting future revenues to the current Q and then restated the current Q by shifting back that revenues to the next such that sequential quarter comparisons look great. I would not be surprised if that portion of N2K is included in Q1, and that will reflect as a portion of the Accounts Receivables in the Balance Sheet. $ 18M for three years, thus $ 6 M per year or $ 1.5M per quarter, that means $ 0.013/sh for Q1 so that actual earnings would be less than $ .11/sh.

What other rabbits can AOL pull from that hat?

Good Luck

PAL