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

To: Jay8088 who wrote (11289)	9/15/1998 3:28:00 PM
From: Jason Cogan	Read Replies (1) \| Respond to of 13594

Jay8088: I agree entirely about AOL's accounting tricks, although I am skeptical about S&P's motivation. AOL has never made a real penny in their history, but this hasn't stopped the NYSE from offering Steve Case a position on it's board (along with other financial pirates like Gerald Levin from Time Warner). What will prompt a true investigation of AOL's books? Until such time, I fear that AOL will continue to defy the laws of gravity and economics. Regards, JC

To: Jay8088 who wrote (11289)	9/16/1998 6:07:00 PM
From: limtex	Read Replies (1) \| Respond to of 13594

Jay and others re the accounts - 1. AOL is high profile company in a brand new sector. There must be hundreds of financially qualified analysts and accountants who have gone over their figures with as many fine tooth combs. 2. AOL is not a Cendant. It is much more transparent and it is going through quite significant real growth in both existing business and for that matter in the number of new businesses or revenue opportunities that come along almost weekly as this new market and technology creates itself. If there was a material misstatement it would no doubt have already been discovered. Regards, L