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Technology Stocks : America On-Line (AOL)

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To: John Walliker who wrote (24892)	7/5/1999 9:56:00 AM
From: Vendit™	Read Replies (3) of 41369

The last known means of high speed Internet access is satellite. It has been largely ignored until this week. America Online, Inc. (NYSE: AOL) and Hughes Electronics Corporation (NYSE: GMH) announced a strategic alliance to develop and market uniquely integrated digital entertainment and Internet services nationwide. Hughes and America Online will market the DIRECTV/AOL TV package to America Online's more than 16 million AOL and CompuServe members in the U.S., as well as to millions more consumers of its Internet brands. Hughes also will market AOL TV to its more than 7 million current DIRECTV subscribers. As part of the deal, AOL will make a $1.5 billion investment in Hughes. Like all the other technologies, satellite has disadvantages. In this case, you must use a telephone modem to upload data, just like a cable system that has not yet been upgraded. Its download speed is also slower than the other three, about 400 KBPS maximum. The big advantage for AOL? Through Hugh's network, the service could be available to nearly every man, woman and child living in the US. marketwatch.newsalert.com

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