Wednesday, July 24, 2002

You've Got Mail!

Media giant AOL Time Warner Inc. disclosed Wednesday that the Securities and Exchange Commission was looking into the company's accounting of a series of transactions that may have improperly inflated revenues.
Richard Parsons, the company's chief executive, said in a conference call with investors that the SEC was conducting a "fact-finding" inquiry into several transactions that were reported last week in The Washington Post.
He invited shareholders to e-mail him their concerns at his personal e-mail address,

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