<HTML>In a message dated 7/18/2002 2:30:01 PM Eastern Daylight Time, dhenwood@panix.com writes: <BLOCKQUOTE TYPE=CITE style="BORDER-LEFT: #0000ff 2px solid; MARGIN-LEFT: 5px; MARGIN-RIGHT: 0px; PADDING-LEFT: 5px"> The Times is hardly alone. Many of the media companies that have been reporting on -- and often criticizing -- corporate accounting and the aggressive use of stock options engage in the same practices themselves, according to federal records</BLOCKQUOTE> And sometimes, they were involved from the get-go. AOL Time Warner, IBM and Enron formed New Power Holdings to screw the deregulated Texas market. New Power was supposed to cater to residential and small-business customers, but like many other Enron illusions didn't actually produce anything. It did, however, take a $12.7mln impairment charge on its balance sheet because of an AOL marketing agreement.  </HTML>