Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Saban Kurucay who wrote (11125)	8/26/1998 12:03:00 AM
From: The Duke	Read Replies (1) \| Respond to of 13594

There are indeed a lot of indications that the sec is beginning to crack down on bad accounting and poor quality earnings. AOL should be a prime target. At least 200M of the mirabilis purchase is good will. If they expense this of 3 years, (12 quarthers), it comes out to more than 8c a quarter per share. this is a non-trivial amount for a company that is hoping to make 1$ a year. In trying to spin it their way the filings refers to Mirabillis as Mirabillis, an Israeli Development Stage Company... good call, definately a spin effort. Incidently, i dont think AOL is alone on this sort of thing. I think that when the history of the 90's bull get written, we are going to find that alot of the earnings growth of the decade has been the result of "earnings management" rather than actual increases in revenues or margins. things should get interesting over the next 4-6 quarters