In a conference call with investors Monday after the market's close, AOL Time Warner management projected 5% to 8% revenue growth in 2002, and 8% to 12% growth in earnings before interest, taxes, depreciation and amortization, or Ebitda.
AOL had initially
The 2002 projection calls for no economic growth and investments in the business, said CEO-designate Richard Parsons. Mr. Parsons -- who becomes chief executive after CEO Gerald Levin retires in May -- said the company was penalized by the market last year when its optimistic projections met the advertising recession.
"We got no credit for our achievements because of the high standards we set," he said.