If Case and Parsons sold stock knowing there was bad news coming out of the company, that would be ugly.
Anybody that looked at their balance sheet and at how much value they were placing on AOL understood there was a potential impairment charge there.
We're expecting a very strong quarter. The question is will it be good enough to keep the stock going?
For 2002, they may indeed come in and assume more conservative estimates because Dick Parsons is running the show, ... It will be his watch and so the company will have to make the numbers.
I think it's a trend. Problem is, you can't quantify it.
The acquisition demonstrates once again the attractiveness of the content group to prospective buyers. We expect to see more deals in 2006, driven in part by the need of traditional media companies ... to play catch up online.
The AOL business has been in terrible shape the last year and a half,
I think strategically it absolutely makes sense but its profit and loss impact remains unclear.
By our math, even through their relationship with Comcast, they have access to only 40 percent of the market. We need to know how they plan to address that challenge,
All in all, we find the restructuring removes several overhangs on the stock, namely TWE-related complexities and lack of AOL carriage, on terms favorable to the company.