Table of Contents 
Years Ended December 31, 2001, 2000 and 1999 
from any recent rounds of financing completed by the investee as well as market prices of comparable public companies. The Company 
requests from the Company's private investees the annual and quarterly financial statements to assist the Company in reviewing relevant 
financial data and to assist the Company in determining whether such data may indicate other than temporary declines in fair value below the 
Company's accounting basis.  
Valuation of long lived assets: 
    Management periodically evaluates long lived assets, consisting primarily of purchased technology, 
goodwill, property and equipment, to determine whether there has been any impairment of the value of these assets and the appropriateness of 
their estimated remaining life. The Company evaluates impairment whenever events or changes in circumstances indicate that the carrying 
amount of the Company's assets might not be recoverable. Impairment losses on intangible assets of $107.7 million and $9.0 million were 
recognized in the years ended December 31, 2001 and 2000, respectively. No impairment loss was recognized in the year ended December 31, 
Unearned compensation: 
    In accordance with Financial Accounting Standards Board (FASB) Interpretation (FIN) No. 44, 
for Certain Transactions Involving Stock Compensation 
, unearned compensation includes the unamortized intrinsic value of options assumed 
in acquisitions since July 1, 2000. In addition, unearned compensation includes the unamortized compensation expense from the Company's 
restricted stock grant in December 2001 (Note 6). The amortization of unearned compensation is charged to operations and is amortized over 
the vesting period of the options or stock under the accelerated amortization method in FIN 28. The Company recorded $3.4 million, $1.7 
million and $2.9 million in compensation expense related to stock options and restricted stock grants for the years ended December 31, 2001, 
2000 and 1999, respectively.  
Deferred expense warrants: 
    Deferred expense warrants represents the fair value of the warrants that were issued to America Online, 
Inc. (AOL) (Note 6) and is expensed ratably over the four year vesting period. The amortization of deferred warrant expense is charged to 
sales, general and administrative expense.  
Revenue recognition: 
    The Company's revenues are derived from its products and application services, which are delivered to users and 
subscribers on wireline, wireless and broadband platforms, and to merchants via merchant aggregators including merchant banks. The 
Company derives revenue from its three business areas of wireline and broadband, merchant and wireless. Multi element revenue agreements 
are recognized based on the evidence of fair value of individual components or as one element if no evidence exists. The Company records 
deferred revenue for amounts received from customers in advance of the performance of services.  
Subscription fees: 
    Merchant agreements generate subscription fees on a per month basis. Subscription fees are recognized in the period 
the services are provided.  
Payment transaction fees: 
    Transaction fees are generated as a percentage of the completed transaction from the Company's shopping 
and payment authorization services. Transaction fees are recognized in the period the transaction occurs.  
Licensing fees: 
    Licensing fees are generated from the access and utilization of the Company's products and application services. 
Because the Company's customers do not have the contractual right to take possession of the Company's software, these contracts are 
considered service agreements pursuant to EITF Issue No. 00 3. License fee revenue is recognized ratably over the term of the agreement.  

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