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


To: H James Morris who wrote (8794)3/13/1998 8:01:00 AM
From: Harry Larson  Read Replies (1) | Respond to of 13594
 
>>I must admit though, that Case and Pitman seem to have it down pat
>>on PR.

Yeah. And the story is chock full of inaccuracies of various stripes.
Just two of at least a half dozen glaring ones are:

"They have one more hedge against the future, a luxury the company has never enjoyed before: $750 million in cash."

True literally. But $350 million of that is from issuing debt. So the statemant is like taking out a home equity loan and saying you're flush.

"According to Nielsen, those minutes on AOL come at the expense of television"

Read this:

news.com