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Who audits AOL's membership numbers?
An SI Board Since November 1996
Posts SubjectMarks Bans Symbol
65 0 0 AOL
Emcee:  Art Stone Type:  Unmoderated
Introduction Market Data Compact
In the simple days, an audit consisted primarily of verifying that the company had all the physical and financial assets that it claimed, and that it reported all liabilities that it owed.

In the world of Cyberspace, most of AOL's "value" - it's Assets - is wrapped up in its Membership Count. AOL has a book value of only several hundred million, yet has a Market Capitalization of over 2 Billion - and it has been as high as 6 Billion in the last year.

Conventional audits focus on financial statistics, but AOL's perceived value is based on its perceived membership. Does a publicly traded company's auditor (Ernst & Young, in this case) have any responsibility to audit membership numbers? Has any indepenent auditing agency ever verified that AOL's membership numbers are computed reasonably and state reaonably the value of AOL's membership base?
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65 So you are counting 6 million members? Did you add in the membership of all tThom Taylor-4/24/1997
64 <i>When you go the charts in SI what are the ticker symbols for the DOW 3Art Stone-4/24/1997
63 When you go the charts in SI what are the ticker symbols for the DOW 30 & Thom Taylor-4/22/1997
62 What do you do with a $2000 IRA? Here's my thoughts and see what you thiThom Taylor-4/22/1997
61 TT: I'm running Win.95 Your problem could be with Windows 3.1, but I'Alan Smithee-4/21/1997
60 I use to be able to access the personal profile but now it doesn't work. AThom Taylor-4/21/1997
59 Hi again Thom: I can access your profile just fine. Not a problem. I'll Alan Smithee-4/21/1997
58 Hi Thom: Good to hear from you. I'm bearish short term. >?>Have Alan Smithee-4/21/1997
57 Can you check my personal profile? I can't seem to check anyone else'sThom Taylor-4/21/1997
56 I agree with a test of the DOW and NASD to the top side but I think both will Thom Taylor-4/21/1997
55 Hey Thom: What's your read on the market for the coming week? Bill sees aAlan Smithee-4/20/1997
54 Thom: I would have to look to see what I pay for an options commission at PBS.Val-4/19/1997
53 I go through MidWest Discount Brokerage in Springfield, MO. ttThom Taylor-4/18/1997
52 T: I have done both at Pacific. If not Pacific Brokerage Services, who brokerVal-4/18/1997
51 Thom: Please tell me about Leeb's book. I am concerned about the third worVal-4/18/1997
50 About the 3rd world countries and enegery, all will be answered by Leeb's bThom Taylor-4/16/1997
49 I've been getting on Pacific Brokerage and look for quotes for free. I doThom Taylor-4/16/1997
48 Thom: I see it as you do, generally. This is apt to be a tough investment yeaVal-4/15/1997
47 Thom: Visit PBS at least once a day (can only place day order on line, asked iVal-4/15/1997
46 Have you been to the Pacific Brokerage site yet? You can get the quotes and trThom Taylor-4/15/1997
45 CSCO will flat line after it's dead cat bounce. I suspect the flat line wilThom Taylor-4/15/1997
44 Thom: Guess you can trade LEAPS at PBS? Get LEAP quotes at PBS also? I'mVal-4/14/1997
43 Thom: So where do your technical indicator(s) say CSCO goes from here?Val-4/14/1997
42 The Island Reversal worked didn't it? CSCO will test the most current low.Thom Taylor-4/13/1997
41 LEAP is a Longterm Equity _____ _____. Can't remember the rest of the A P.Thom Taylor-4/13/1997
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