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Technology Stocks : America On-Line (AOL)

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To: Sonny McWilliams who wrote (25038)	7/7/1999 6:55:00 AM
From: puborectalis	Read Replies (1) of 41369

Tuesday's Top Tech Stocks Closing Prices $ Change % Change Close Amazon (Nasdaq:AMZN) +2 13/16 +2.27% 126 7/8 America Online (NYSE:AOL) +5 11/16 +4.93% 120 15/16 Cisco (Nasdaq:CSCO) -3/8 -0.56% 66 11/16 CMGI (Nasdaq:CMGI) +3 3/16 +2.79% 117 9/16 Dell (Nasdaq:DELL) -1/8 -0.34% 37 Doubleclick (Nasdaq:DCLK) +4 3/4 +4.99% 100 Ebay (Nasdaq:EBAY) -2 7/8 -2.00% 140 3/4 Excite@Home (Nasdaq:ATHM) +2 +3.64% 56 15/16 ETRADE (Nasdaq:EGRP) +1 1/8 +2.82% 41 1/16 Inktomi (Nasdaq:INKT) +2 3/8 +1.74% 138 3/4 Intel (Nasdaq:INTC) +3/8 +0.59% 63 7/8 Microsoft (Nasdaq:MSFT) -2 7/16 -2.65% 89 9/16 Yahoo (Nasdaq:YHOO) -3 -1.68% 175 1/8 AOL took center stage on Tuesday, buoyed by deals with drkoop.com (Nasdaq:KOOP) and Autoweb.com (Nasdaq:AWEB) and from optimism over a favorable article in The New York Times over the weekend. drkoop.com, an Internet-based consumer healthcare network operator headed by former U.S. Surgeon General C. Everett Koop, announced that it had signed an agreement to provide online healthcare content across the AOL network. The agreement calls for AOL to receive payments totaling $89 million over 4 years including warrants to purchase an equity stake in drkoop.com if certain performance targets are hit. AOL continues to flex its marketing muscle with a 2-year advertising agreement with Autoweb.com, a leading consumer automotive Internet service. The deal gives Autoweb.com access to all of AOL's different networks. Dean DeBiase, the President and CEO of Autoweb.com had this to say about the deal: "This agreement not only extends our reach to the large base of AOL members, but also gives Autoweb.com broad reach in selected automotive areas across AOL brands." Also, a Sunday article by The New York Times detailing AOL's expansion plans over the next few years sparked renewed investor interest in AOL's growth potential. Some highlights from the article about AOL include: - $5 billion in revenue expected this year - Goal to double current subscriber base of 17 million over the next 5years - Develop new services to retain online viewership for an average of 3 hours per day, up from the current average daily viewership of 55 minutes. - Bring advertising revenues up to the level of subscription revenues - Further its "AOL everywhere" strategy through television, cellular telephones, and other handheld devices AOL ended the day up 5 11/16 (4.93%) to 120 15/16; drkoop.com closed up 13 1/4 (56.08%) higher to 36 7/8; Autoweb.com gained 1 31/32 (13.67%) to 16 3/8.

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