whats a $100 Billion between friends

[Gord]

AOL Time Warner, the world's largest media company, has posted the largest annual loss in US history after having to write down the value of its assets.

The company also announced the departure of its vice chairman Ted Turner.

AOL reported a loss of nearly $100bn for 2002, after a loss of $44.9bn for the final three months of the year.


That is BILLIONS folks - 100 thousand million bucks in one year.

I know that majority is probably paper money in stock and not cash but fuck you could do a lot for that

It cost Sydney less than one Billion to build for the Olympics - you could build a fuck of lot of hospitals / schools / patriot missiles ( whatever takes your fancy ) for that


How do you loose that sort of cash

 

[MissTaken]

Well, Ted left so that he may pursue his philanthropic activities.

I think he is a lit addict and we will be hearing more from him shortly!

 

[Rex1960]

are we counting peas here ?

100 billion between friends is only 0.1 trillion

and if the friendship is deeper it's only 0.001 quatrillion


and what have we learned here ?

the deeper the friendship the less money counts

wow, cool

wish my ex-wife considered me a better friend

 

[Gord]

Re: Re: whats a $100 Billion between friends

are we counting peas here ?

100 billion between friends is only 0.1 trillion

and if the friendship is deeper it's only 0.001 quatrillion


and what have we learned here ?

the deeper the friendship the less money counts

wow, cool

wish my ex-wife considered me a better friend

yes its the old story - owe the banks a couple of billion they worry

owe them a couple of thousand - you worry

they are still advertising every other day for their ISP - on prime time telly for fucks sake - doesnt make sense

 

[The Heretic]

How do you loose that sort of cash

Well you take the worst ISP, and you have them buy one of the worst media networks - just because you can. The rest just naturally follows from there.

 

[Guest]

Re: Re: Re: whats a $100 Billion between friends

 

[brokenbrainwave]

I think he is a lit addict and we will be hearing more from him shortly!

well I'll be, great PI work Miss. Hanns is Ted Turner?

 

[Gord]

Re: Re: Re: Re: whats a $100 Billion between friends

it might make sense, you never know

though its unlikely, as aol is shit


all number of possreasons, eg, the company wantto cut back on dividends for the shareholdrs, because it wants to save the cash for future reinvesting, or advertising

so, it transfers te cash onto the balance sheet

and not on the profit/loss a/c


for eg

Thats what enron were doing - except they were transferring losses onto balance sheet - which got reported later - disguising huge loses on p/l -

Tad illegal as they found out.

I think they just blew the cash on fuckng silly adverts on TV - and sending you shit cd roms - which usualy end up in the bin

Is it snowing up in East end at moment ?

 

[Guest]

Re: Re: Re: Re: Re: whats a $100 Billion between friends

 

[Gord]

Re: Re: Re: Re: Re: Re: whats a $100 Billion between friends

I don't think Enron his their losses on the balance sheet, did they?

it is perfectly lgal to put profits on the balance sheet though


err, wouldnt know....

I'm in NW!!!

I thought you were in the east end

Yes I think they were transferring real year losses to future balance sheet - or something like that , any way not an accountant so probably talking crap anyway

No I am south East - just outside London cc

 

[Guest]

Re: Re: Re: Re: Re: Re: Re: whats a $100 Billion between friends

 

[Gord]

lived in Peckham when I first came to London - so know Camberwell well - Dennmark Hill is just up the road , they had one of these firkin pubs above the station - went in there a lot as it was always full of nurses ( opposite Kings )

Its a bit rough , but not too bad. I am in leafy suburbs now

 

[Guest]

 

[Gord]

yes, I know the pub well

I used to read all the stuff about John Ruskin on the walls!

I was at Kings (not a nurse)

It was the old station - but then restored after a fire

thought u were doing law or something

wot were u doing at kings - medicine ? or were u just sick a lot

 

[Guest]

Del-boy, it's fucking freezing here today.

Do you have any erectric heater from Romania for a fiver?

 

[Guest]

 

[Gord]

Del-boy, it's fucking freezing here today.

Do you have any erectric heater from Romania for a fiver?

OK u got the Peckham connection LOL

The thing about Peckham is there are very few cosy cockney pubs with lovable del's and rodneys

Lots of dodgy Yardies flogging crack is more accurate

 

[Gord]

I am doing law

its a post grad conversion 1 yr thingy

I did my undergrad at Kings, a humanities subject

there is a hall of residence 5 mins walk away from Denmark Hill Station

*shudders at the memory*

actually, I had some good times there

I see

Its been a while since I have been back to that neck of the woods

the Sally Army had their HQ just up the road too

anyway enough of this idle chit chat - havent you got to go and upset some-one in a thread or two

You have a reputation to uphold

 

[Guest]

If I had $100 billion, I'll give $99 billion to the poor. No more Yardies.

 

[Gord]

If I had $100 billion, I'll give $99 billion to the poor. No more Yardies.

or make crack free - no more yardies

interesting thought