They reported a 16billion dollar loss....
Tuff times!
"In early January, the company said it would take a writedown of 25 billion dollars to reflect declining values at its AOL Internet unit along with cable and publishing operations.
Sales for 2008 came to 47 billion dollars, up 1.0 percent from 2007 after falling 3.0 percent in the fourth quarter to 12.3 billion dollars.
The fourth quarter sales performance was attributed to a slowdown in cinema activity and publishing as well as at its Internet subsidiary AOL"
source: Google News
Posts
No comments:
Post a Comment