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Technology Stocks : America On-Line: will it survive ...?
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To: MW who wrote (5102)10/20/1997 12:22:00 PM
From: Tim Kenney   of 13594
 
>If aol grows their subs to
lets say 20,000,000 over the next few years and the subs start to get valued at 1500 to 2000 per sub that
cable gets, you're looking at a stock price of between 240 and 320.<

Here is this ridiculous cable analogy, per Bob Pitchman, rearing its ugly head again. Maybe I am missing something, but I do not remember anyone granting AOL a monopoly as were cable companies. Secondly, it is not clear that advertising will ever work on the net, whereas the TV model certainly proved that advertising would work for cable.
AOL is a channel on the net, something along the lines of the Lifetime channel.
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