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 (AOL) -- Ignore unavailable to you. Want to Upgrade?

To: Sonny McWilliams who wrote (8927)	4/1/1999 12:52:00 AM
From: Sonki	Read Replies (1) \| Respond to of 41369

Sun role could impact accounting of AOL deal - WSJ sonny, u want to explain this to me in english? (tia) NEW YORK, March 31 (Reuters) - The degree of Sun Microsystems Inc's involvement in the recent America Online Inc stock deal with Netscape Communications Corp . could affect the way AOL is allowed to account for the transaction, the Wall Street Journal reported Wednesday. If regulators conclude that Sun effectively bought Netscape's corporate-software business, AOL could be required to account for the deal differently, the newspaper said. It could incur as much as $9.7 billion in "goodwill" charges against earnings over a number of years, the newspaper reported. As a result, AOL would take between $96 million and $243 million in annual earnings charges, using a conservative 40-year write-off period. Officials at AOL told the newspaper they are confident the company has met the accounting requirements. AOL closed up 12-13/16 at 144-3/4 Tuesday on the New York Stock Exchange and Sun closed up 1-7/16 at 125-15/16 on Nasdaq. ((-- New York Newsdesk 212 859-1700))

To: Sonny McWilliams who wrote (8927)	4/1/1999 11:17:00 AM
From: Dom B.	Read Replies (1) \| Respond to of 41369

Good Mornin', SonnyMac...just got email from Keith Benjamin of Robertson Stephens, where he says SEC has already approved AOL -NSCP "pooling of interest" method of accounting for the acquisition. Maybe www.internetstocks.com has it there, too. Excellent observation of Barksdale's new role in the troika. I stopped reading Ian's post the other night at the point where the authors described AOL as primarily a gateway to the net. Obviously they know jack $$hhhht, and the timing is abhorring. Like Mr. Frank said sometime ago, these guys ought to be put in jail for a long, long time. You take care, it's another whipsaw day. Happy Easter, Passover, and Pray for the Balkan refugees...gotta stop...those poor kids,,,