America On-Line: will it survive ...? Message Board

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Technology Stocks : America On-Line: will it survive ...?

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To: jack rand who wrote (4558)	8/21/1997 10:48:00 AM
From: Sam	of 13594

Jack... Online services haven't been around that long. Like I noted before, certain laws and measures do not translate well into this new online medium. A simple exercise in nexus issues for tax purposes illustrates my point. Where does nexus reside and how do states measure it? From servers? Modems? Customers? POP's? It is a big headache, and one that will not be resolved quickly. These measures which you describe as indirect and inferential are your opinion. Things such as CHURN, SUBSCRIBER BASE, NETWORK CAPACITY/ACTIVITY, etc. all have a material affect on the business. AOL is pioneering on-line services. We are in uncharted territory. Obviously, you don't believe in such indirect and inferential measurements. So be it. I know that the big money on the street embraces it, and that is what counts. Happy investing everyone. S.

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