RNN14

So about 18 months ago the two companies merged into one super company. Everyone thought it would have this huge market growth. Well apparently it hasn't. For the first fiscal quarter of the year they posted a 54 Billion Dollar loss. Holy crap is that alot of cash for one quater! They said it was a drop in online advertising that caused the loss. Well how on earth could you lose $54Billion in just advertising costs? Of course they also make small note of saying that its also due to a change in accounting. They had to go over their books again and use a new accounting method. What kind of method were they using to have over-inflated the worth of the company by that much? Using old Enron's methods? Maybe they will be like Global Crossing and Enron and turn out to have some serious trouble. I mean in 18% the companies stock went down 58%. According to my math that is a ****load of cash.

leiferik1

hope it doesn't go under...

victor

it won't... worse case is portions get sold off... you have AOL, Netscape, Time Warner Cable, Road Runner, CNN and those stations, Warner Films, etc.....

RNN14

Anytime any company loses cash like that its a sign that they are in trouble. Likely thing to happen is the sell off of struggling divisions who are dragging them down and in Time's eyes its AOL. Internet advertising has dropped off drastically and lets face it AOL sucks as a ISP. A bunch of crap is all it is. The greatest thing anybody could do is leave AOL and get a cable ISP or even wireless. Nothing like tons of junk mail everyday and slow *** connection speeds.

oogumb0gum

aol...nooooooooooooooooo

Mr. X

thats why they're #1 .....#1 suck-*** ISP.....jus' my $.02