Google losing money in AOL - Strong attacks!! Yipeee (did I spell that right?)
LIBERATOR
multiple if not all subject matters, protecting your powerbase? Geddy,
you're such a arrogant fucker, snobby, snobby by TAKING MY FREE RANDOM
HAPPENSTANCE FROM ME BY USING NSA/FBI/CIA resources on me - that is
extreme snobbery Geddy, that you would take my free operational random
happenstance space from me. It's also evil, yet you claim to represent
light.
Geddy, from what I'm witnessing, you suffering these losses in all
your enterprises, you're not too bright...
Perhaps the right thing to do Geddy, is to withdraw from me as I
demand you do. I have a right to choice, you've taken away my right to
choose, therefore you must suffer. I want you destroyed completely!
And in prison... You're not dealing in reality Geddy, I'm supposed to
be the guy that likes you because you wrote your music for me, but you
didn't have enough maturity to not cross the line - my lines of my
sovereignty, and THEN, you blame Dick Strong for doing abuses to me.
How dumb and immature can you get! You need to pay and pay hard!
Geddy, DreamTheater might think you're a genious, Fates Warning might
think you're a genious, but we, Roland Emmerich, Mel Gibson, Dick
Strong, think you're a snippy little snobby asshole, not too
intelligent either. Perhaps Michael Mosbach can solve the situation?
Oh wait, he's just a guard that shuts down my emails - BY HAVING to
conspire to do it. Oh wait, that means Michael Mosbach had no reason
to shut down my emails, and thus conspired to do it - how mature is
that from a supposed "worlds best detective"? As I said, Neil isn't
too mature either.
Dick, thanks for using a German name in this one!
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Aug 7, 9:54 PM EDT
Google believes $1B investment in AOL is crumbling
By MICHAEL LIEDTKE
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SAN FRANCISCO (AP) -- In an assessment that could lead to a
substantial charge against its future profits, Google Inc. believes
its $1 billion investment in advertising partner AOL is souring.
The Mountain View-based company disclosed in a quarterly report filed
late Thursday with the Securities and Exchange Commission that the 5
percent AOL stake that it bought in 2005 "may be impaired." Impairment
is an accounting term used to describe an acquisition or investment
that has eroded.
Unless there is an about-face, the acquiring company eventually must
absorb a charge on its books to account for the diminished value of
its holdings.
Google acknowledged for the first time that it might have to recognize
a loss on its 5 percent stake in AOL, whose struggles have made it a
financial albatross for its owner, Time Warner Inc.
"There can be no assurance that impairment charges will not be
required in the future, and any such amounts may be material," Google
said of its AOL investment.
A Google spokesman declined further comment Thursday.
As the Internet's most profitable company, Google could absorb a
fairly large charge without too much pain. In the first half of this
year, Google earned $2.55 billion.
Google bought its stake in AOL largely to prevent one of its largest
advertising partners - AOL - from defecting to Microsoft Corp. The
bidding war helped drive up AOL's implied market value to $20 billion,
based on Google's investment.
Some analysts have suggested AOL may be worth less than $10 billion
now. Google didn't estimate in its SEC filing what it believes its
stake to be currently worth.
Gearing up for a possible sale, Time Warner is splitting up AOL's
Internet access business from its online operations. EarthLink Inc. is
seen as a leading candidate to buy AOL's dial-up access division while
Microsoft and Yahoo Inc. could vie for online operations that include
an array of advertising tools and services that still attract millions
of Web surfers.
Microsoft wanted to buy Yahoo, but when the two sides couldn't agree
on a price they separately began exploring a possible combination with
AOL.
As part of its investment, Google has the right to demand that Time
Warner spin off AOL in an initial public offering of stock or buy back
its stake. But Google so far hasn't indicated any interest in going
down that path.
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