AOL loses 99B!!!

[Adul]

http://quicken.com.com/2100-1023-982648.html?tag=lh

The announcement came just shortly after the company reported a net loss of $98.7 billion for 2002. Those results included a $45.5 billion fourth-quarter charge related primarily to depreciation in the value of its America Online unit, as well as a first-quarter charge of $54 billion in accordance with accounting rules changes that took effect last year.

 

[LOLyourFace]

it's about time.

 

[MichaelD]

Welcome to yesterday!!!! Have a cookie...is choco-chip OK?

 

[Electrode]

That whole conglomeration is falling apart. They knew this would happen, but they went ahead and merged anyway. I'm glad to see that they're well on their way to bankruptcy.

Oh, wait a minute, what am I saying? A good sized chunk of my dad's 401(k) is in AOL. Thinking from that perspective, this is terrible! :Q

 

[vi edit]

it's probably because of the eleventy bazillion farking trial cd's in fancy tin cans they send out!!!! Christ....they've even got AOL cd's at the post offices now!

 

[jeffrey]

The amount they lost was not cash. The majority of it had to do with a write-down in the value of AOL assets.

 

[wyvrn]

They had to do this to keep their subscription #'s up because they also had high turnover of customer accounts. They charge more than most local and regional ISP's, and enough people are Internet savvy now that they do not need the hold-your-hand AOL interface and will not pay extra for it.

Originally posted by: vi_edit
it's probably because of the eleventy bazillion farking trial cd's in fancy tin cans they send out!!!! Christ....they've even got AOL cd's at the post offices now!

 

[iamme]

maybe i should mail them my AOL CD's back....

 

[Nitemare]

LOL, they finally got fined for being suck...

<---get tired of throwing away the aohell cd's in my mail every week

 

[ThePresence]

nm

 

[Harvey]

And Ted Turner is pissed because they tanked the value of his CNN/AOL-TW stock.

 

[Night201]

Originally posted by: wyvrn
They had to do this to keep their subscription #'s up because they also had high turnover of customer accounts.

[/quote]

BECAUSE THEY SUCK!