To: Siegfried
AOL is a possibility. You know all those CD-Roms AOL is always giving out? That would appear to be a classic expense, you write it off and it diminishes your earnings that quarter. To avoid that, years ago AOL classified the costs of that as an asset (you see, it creates new users) and depreciated it over several years so it wouldnt immediately smack their earnings numbers. I dont think they do this anymore but its not too far from the mark of what Worldcom admitted to doing and if you bend the rules once (I think in AOLs case it was considered okay but kinda on the edge) youhave to assume they are willing to have done it again in other areas. We'll see.
To: rohry; Wyatt's Torch; Tauzero; razorback-bert; bvw
Any suggestions for the list ?
AOL has previously taken a $50 billion writeoff.
23 posted on
06/28/2002 8:00:53 AM PDT by
Dukie
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