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21.10.14 0404
The W - Random - The next Enron/Worldcom...
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A-MOL
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Since: 26.6.02
From: York, England

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#1 Posted on
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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Since: 7.2.02
From: New York, NY

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#2 Posted on | Instant Rating: 0.00
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.





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Tom Dean
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Since: 30.8.02
From: New York, NY

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#3 Posted on
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.



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Since: 2.1.02
From: The Silver Spring in the Land of Mary.

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#4 Posted on | Instant Rating: 4.05
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




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J. Kyle
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Since: 21.2.02
From: The Land of Aloha

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#5 Posted on
http://jkyle.com says:


    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.



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Since: 2.1.02
From: Oklahoma City

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#6 Posted on

    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.



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Qubber
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Since: 7.1.02
From: Sheffield, UK

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#7 Posted on | Instant Rating: 8.00
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. .






"Nobody enjoys a good time more than I do, but this business of yours is as legitimate as a three-legged donkey...which of course is illegitimate because as we all know donkeys have four legs."

Lance Storm, 21st January 2002.
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This reaffirms my suspicions that we should just find some remote island and drop all the stupid people on Earth onto it. An Island of Misfit toys, so to speak, just no toys, and a lot of Misfits. And plague and pestilence, too.
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