FD was implemented at the worst possible time to determine its effect.

Communications equipment makers were by far the worst. The semiconductor guys were horrible, and hardware makers had a tough time. But software earnings were only down modestly. The software business will do reasonably well even in a lousy environment.

The charge signifies that AOL used its highly inflated stock to purchase hard assets.

We've got very aggressive cost controls implemented, and those are starting to take effect.

You have to get to this pathology before it has its biggest effect.

If you love the mystery aspect, then its a great position because there are so many things you can determine.