Warmest Greetings,

:: Thursday, July 25, 2002 ::

More bad news for US stock holders invested in the Internet...

http://www.washingtonpost.com/wp-dyn/articles/A59973-2002Jul24.html
Federal regulators are looking into how AOL Time Warner accounted for several transactions. CEO Richard Parsons said Wednesday that the SEC had opened a "fact-finding" inquiry into the transactions, which include an arrangement that allowed a British entertainment company to buy advertising instead of paying an arbitration award in a legal dispute, shifting revenue among two divisions and sold ads on behalf of eBay while booking the sales as its own revenue.

:: posted by Kim Krause Berg on 7/25/2002 01:05:23 PM

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