America On-Line (AOL) Message Board

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Technology Stocks : America On-Line (AOL)

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To: RocketMan who wrote (5525)	2/23/1999 8:07:00 AM
From: Craig A	Read Replies (2) of 41369

'America Online made a startling point at their presentation. When asked why AOL would pay $400 million for a company that had no revenues, Ted Leonsis, President of America Online Studios, stated, "Because it is worth $4 billion. ICQ is bigger than portals." Expanding on that idea, he note that ICQ has more registered users than any portal, at 30 million, and it only took 21 months to achieve that. 85,000 new users are registered every day and more than 1 million users actively using it everyday. Furthermore, ICQ is a true "sticky" portal, because users keep it on their screens continually. How AOL will leverage ICQ for ecommerce isn't clear yet, but it is obvious they plan to. The implication is also that AOL will not need to join forces with any existing portal' From Briefing .com this AM Comments from Banc One tech conference

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