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New Analysts say AOL's earning report is murky.
[link|http://news.com.com/2100-1023-828014.html|Confusopoly?]

Excerpt:

Even as the media giant reported earnings that were in line with Wall Street expectations Wednesday, some analysts complained the company has made its operations more obscure than ever, making it difficult to judge its performance and predict future results.

One analyst pointed to two areas where the company has offered scant and potentially unclear information: its treatment of intercompany transactions and its failure to make firm projections for the company's major growth engines, America Online and Time Warner Cable.



"It's an added layer of opaqueness to the earnings report," SoundView Technology Group analyst Jordan Rohan said of revenue that flows from one unit within the company to another. "It becomes more difficult to accurately assess the performance of the individual units."

The criticism comes as investors are growing more concerned about murky earnings reports, an issue that was exacerbated with the surprise implosion of energy trader Enron, once America's seventh largest corporation and a Wall Street darling.

Although AOL Time Warner is not doing anything improper or unusual, the company faces quiet criticism from some financial analysts who complain they haven't been given enough information to adequately understand the company's sprawling operations.

I say:

We are entering a new era of accountability. People aren't letting B.S. slide anymore. Clintonism is dying fast. I'm for it, so long as no one is exempt.

But there will be casualties. All organizations that depended on obscurantism for their survival are now threatened: Microsoft, the hard Left, Arthur Andersen, and both major political parties.

Meanwhile, our privacy is being eroded in the name of anti-terrorism.

I wonder what David Brin thinks of all this?
[link|http://www.angelfire.com/ca3/marlowe/index.html|http://www.angelfir...e/index.html]
Sometimes "tolerance" is just a word for not dealing with things.
New It is outright fraud
the SEC should investigate them. Apple and Microsoft also do this, they put out reports that are murky or confusing to read to get a good picture on if the company acutally made money, or how much it made.

Face it, large corps are getting away with murder this way, call it creative accounting, or as my opinion states "outright fraud".

"Will code Visual BASIC for cash."
     Analysts say AOL's earning report is murky. - (marlowe) - (1)
         It is outright fraud - (nking)

In conclusion, lithium in the water supply.
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