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AOL Time Warner Inc.'s stock falls on report of questionable accounting
SFGATE.com ^ | July 08, 2002 | AP

Posted on 07/18/2002 9:44:31 AM PDT by CometBaby

Edited on 04/13/2004 2:40:35 AM PDT by Jim Robinson. [history]

AOL Time Warner Inc.'s stock was down Thursday morning after The Washington Post reported that the company used a series of "unconventional" deals to boost revenues.

Shares of the world's largest media company were off 80 cents, or 6 percent, at $12.31 in morning trading on the New York Stock Exchange. The stock already has been under heavy pressure in recent months over concerns that the company's flagship AOL online service was faltering.


(Excerpt) Read more at sfgate.com ...


TOPICS: Business/Economy
KEYWORDS: accounting; aol
Here we go again.
1 posted on 07/18/2002 9:44:31 AM PDT by CometBaby
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To: CometBaby
EXCELLENT.
2 posted on 07/18/2002 9:48:15 AM PDT by happytobealive
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To: CometBaby
I just might put a bid for CNN on EBAY.
3 posted on 07/18/2002 10:42:55 AM PDT by dinasour
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To: CometBaby
Awwww.... Boo Hoo... (I know Terry McAwful is crying, too!)

Contributor Occupation Date Amount Recipient
PITTMAN, ROBERT
GREAT FALLS, VA 20166
AMERICAN ONLINE INC 7/6/1999 $1,000 Clinton, Hillary Rodham 
PITTMAN, ROBERT
NEW YORK, NY 10019
TIME WARNER INC 12/22/1999 $10,000 Democratic Senatorial Campaign Cmte 
PITTMAN, ROBERT
STERLING, VA 20166
AMERICA ON LINE 8/17/1999 $10,000 Democratic Leader's Victory Fund 2000 
PITTMAN, ROBERT
NEW YORK, NY 10022
AMERICA ON LINE 6/30/1999 $1,000 Harkin, Tom 
PITTMAN, ROBERT
NEW YORK, NY 10022
AMERICA ON LINE 6/30/1999 $1,000 Harkin, Tom 
PITTMAN, ROBERT
STERLING, VA 20166
AMERICA ON LINE 8/17/1999 $1,000 Gephardt, Richard A 
PITTMAN, ROBERT
STERLING, VA 20166
AMERICA ON LINE 8/17/1999 $1,000 Gephardt, Richard A 
PITTMAN, ROBERT
DULLES, VA 20166
AMERICA ONLINE 5/6/1999 $1,000 Kerry, John 
PITTMAN, ROBERT
NEW YORK, NY 10011
AOL 11/15/1999 $1,000 Kerrey, Bob 
PITTMAN, ROBERT
STERLING, VA 20166
AOL 2/10/2000 $1,000 Corzine, Jon 
PITTMAN, ROBERT W MR
DULLES, VA 20166
AOL 12/20/1999 $5,000 America Online 
PITTMAN, ROBERT W MR
DULLES, VA 20166
AOL 7/11/2000 $5,000 America Online 
PITTMAN, ROBERT W MR
NEW YORK, NY 10019
AOL TIME WARNER/CO-CHIEF OPERATING 12/19/2001 $5,000 AOL Time Warner 

4 posted on 07/18/2002 10:56:08 AM PDT by GraniteStateConservative
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To: CometBaby
AOL Time Warner's downfall began when they described their merger as "Synergy." The term "synergy" is like an economic curse. All companies that use that term are doomed to fail.
5 posted on 07/18/2002 10:58:31 AM PDT by PJ-Comix
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