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

To: Keith J who wrote (7646)	2/11/1998 6:58:00 PM
From: jack rand	Respond to of 13594

<AOL did sell another $4 million of Excite stock during the Dec. quarter. However, looks like they also had some other items which cut down the gains> Yeah but the $741,000 net is $0.006 which rounds to a penny of extraordinary income; add to that the $0.008 from above the line $1 million credit back of the Q297 Settlement that was booked below the line and not included by the estimate services and the Street. Then there's another $1m ($0.008) from paper gain on Excite stock booked as revenue. In Q1 AOL booked $0.02 this way, but reported it in the earnings release; so First Call etc. didn't include it. In the Q1 conf call, AOL said that it would book the rest over 5 years at $1m per quarter. But it didn't mention this in ths Q1 or Q2 press releases or Q1 SEC 10Q