AOL TW Posts 2002 Loss of Nearly $100 Bln

Reuters via Lycos.com ^ | 01/29/2003

[alisasny]

Parsons says Ted Turner stepping down as vice chairman - CBS MarketWatch.com

[Wyatt's Torch]

Non-recurring non-cash.....nothing to see here, move along. Everything is fine....

[freeper12]

...aol losses $100B...why does that make me smile?

[Centurion2000]

Wow ... they actually managed to piss away more than Bill Gates is worth ? That's impressive.

[goldstategop]

Poor management & lousy product?? ;-)

[Wyatt's Torch]

Take a look at the decline of the NASDAQ in relation to the AOL-TW merger and draw your own conclusions.

I do wish Turner would buy back the Braves though...:-)

[Reeses]

Instead of working so hard they could give me $50 billion and I'll let them take the year off.

[TennesseeProfessor]

AOL completed its $106.2 billion purchase of Time Warner,

... posted a loss for all of 2002 of nearly $100 billion

Does this mean that Time Warner can buy itself out again??

[ThinkDifferent]

ONE HUNDRED BILLION DOLLARS

[Daus]

AOL Time Warner Inc., the world's largest media company, on Wednesday posted a loss for all of 2002 of nearly $100 billion

Can you imagine losing $100 Billion and still having them say you 'beat analyst's expectations'! :)

[per loin]

Ever since Clinton left office, the price of vapor has plummeted.

[NC Conservative]

That is a lot of "friggin" money

[ThinkDifferent]

A shame it couldn't have gone to a more productive use, like building a "death star" with a giant "laser" pointed at Baghdad.

[kinghorse]

How the hell does a bank stand by and watch their client lose that much dough? We must have a very sick bank somewhere.

[eddie willers]

I do wish Turner would buy back the Braves though...:-)

Let Arthur Blank pony up the money.

[Dog Gone]

I cancelled my TimeWarner cable television in December.

I like to think that I helped do my part to sink this sorry company.

[maui_hawaii]

The problem with corporate America is not that the market is all bad. Yeah its not good, but its their faulty ideologies at fault. Its not just AOL either. Not by a mile.

The bear market will continue until they change their stubborn and ignorant minds.

[cpprfld]

Can you imagine losing $100 Billion and still having them say you 'beat analyst's expectations'! :)

And the stock increased in value

[r9etb]

If I read this right, they're blaming much of the loss on the America Online internet service.

I can imagine they're losing revenue there -- but tens of billions of dollars? That doesn't seem realistic.

Sounds to me like they're going to kill that part of the business.