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4.5.08 2014
The 7 - Random - The next Enron/Worldcom... Register and log in to post!
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A-MOL
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#1 Posted on 18.7.02 0617.03
Reposted on: 18.7.09 0619.58
Is it true that AOL are in serious financial trouble? If it is, I blame it on dumping their sports entertainment branch.
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evilwaldo
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#2 Posted on 18.7.02 0901.51
Reposted on: 18.7.09 0914.43
Nah, they misbooked a small amount of revenue (2%) which is negligable in a company that size. Don't forget that they have a real company behind them the has real revenues.

Not to say that it isn't a big deal but they are not in trouble.

Tom Dean
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#3 Posted on 18.7.02 1202.07
Reposted on: 18.7.09 1215.43
Well, AOL/Time Warner is not in trouble as a unit, but Time Warner merging with the fly-by-night AOL was a huge fucking mistake that has made it worth a lot less than it was by itself.
Zeruel
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#4 Posted on 18.7.02 1548.24
Reposted on: 18.7.09 1559.04
from washingtonpost.com

Robert W. Pittman, once the golden boy who helped revive America Online Inc. before it merged with Time Warner Inc., resigned as chief operating officer of the combined company, the company announced today. The management shake-up comes after a year-long slide in advertising revenue and stock value.

read the whole column here Click Here
J. Kyle
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#5 Posted on 18.7.02 2007.45
Reposted on: 18.7.09 2018.33

    Originally posted by rikidozan
    a year-long slide in advertising revenue and stock value.

    read the whole column here Click Here



Coudln't happened to a more deserving company. Burn baby, BURN.
Slestak
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#6 Posted on 18.7.02 2235.03
Reposted on: 18.7.09 2237.09

    Originally posted by evilwaldo
    Nah, they misbooked a small amount of revenue (2%) which is negligable in a company that size.
2% of a billion dollars is $20 million. How big is AOLTW?

That's a bunch of money for a company of any size.
Qubber
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#7 Posted on 19.7.02 0252.02
Reposted on: 19.7.09 0252.09
Kinda interesting facts:

If you had bought $1,000.00 worth of Nortel stock one year ago, it would now be worth $49.00.

With Enron, you would have $16.50 of the original $1,000.00.

With Worldcom, you would have less than $5.00 left.

If you had bought $1,000.00 worth of Stella (the beer, not the stock) one year ago, drank all the beer, then turned in the bottles for a 5c deposit, you would have $107.00.

Based on the above, current investment advice is to drink heavily and recycle. .


CRZ
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#8 Posted on 19.7.09 0318.30
    Originally posted by Qubber
    Kinda interesting facts:

    If you had bought $1,000.00 worth of Nortel stock one year ago, it would now be worth $49.00.

    With Enron, you would have $16.50 of the original $1,000.00.

    With Worldcom, you would have less than $5.00 left.

    If you had bought $1,000.00 worth of Stella (the beer, not the stock) one year ago, drank all the beer, then turned in the bottles for a 5c deposit, you would have $107.00.

    Based on the above, current investment advice is to drink heavily and recycle. .



Still a classic.
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