AOL to Hit $5 Bln in Annual Sales, Be on Other Media, NYT
Says
Bloomberg News
July 4, 1999, 12:20 p.m. PT
Dulles, Virginia, July 4 (Bloomberg) -- America Online Inc.
expects to reach $5 billion in sales this year, more than the
next 20 Internet-service companies combined, and in the next five
years plans to double its subscribers from the current 17 million
and increase by several times its overseas users, the New York
Times reported. About 39 percent of the time Americans spend
online is on services controlled by AOL, which has 10 times the
share of its nearest rival, Microsoft Corp. AOL, whose market
value of $125 billion tops that of all other media companies,
plans to deliver services on media besides computers, including
television sets and cellular phones, NYT said. |
