So said Richard Parsons, at the Smith Barney conference…Parsons pledged that the company’s AOL division, which has suffered from a downturn in online advertising and slowing subscriber growth, would perform better in 2004. “AOL remains highly profitable. It funds itself and generates a billion (dollars) in free cash flow annually. We believe AOL’s results bottomed in 2003,” Parsons said.
Hear the full speech, here.
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