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To: Oeconomicus who wrote (3074)4/16/1998 2:37:00 PM
From: William T. Katz  Read Replies (1) | Respond to of 164684
 
Revenue recognition and expense amortization can be spinned, and AOL did it with great finesse. Not only did they take a one-time charge that wiped out every single earning $ they ever made, but the street then rewarded their stock for it. Maybe Cendant needs to have better spin doctors then they could have said they were changing the way they account for expenses, take a one-time huge charge, and not get pummeled in the market.


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