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Technology Stocks : America On-Line (AOL)
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To: Tom Tallant who wrote (25783)7/15/1999 5:11:00 PM
From: HECTOR RUBERT  Read Replies (2) of 41369
 
Tom....CNBC always do overkill reports on old news!!!!!

The news about Fidelity are old news. As a matter of fact, everyone knew Fidelity trimmed its AOL holding back in May. The key word is "TRIMMED". They still hold AOL but not as a top 10 holding.

I find this to be great news. Why you ask? Because as a contrarian investor that means that MAGELLAN will re-buy AOL later.

Why did they sell?

They were seduced by Armstrong's wheeling and dealing with AT&T's recent cable acquisitions and were concerned about the inplications it would have on AOL. (MAGELLAN WIMPS)

This is great. Why? Because the DSL camp which includes all major BELLS and Telecommunication giants along with ISP's are speaking louder than the sole fighter for Closed Access (AT&T). Local counties are speaking for the public and open access is what the public wants.

AT&T makes money either way. They will sell the lines to major ISP's at bulk rates then the ISP's will sell their service to the public. AT&T will make money much like the WCOMs of the world. However, AT&T's intentions are to be:

THE CABLE OF CHOICE,
THE LONG DISTANCE PROVIDER OF CHOICE,
THE LOCAL PHONE SERVICE OF CHOICE,
AND THE ISP OF CHOICE.

If the public wants a DIFFERENT CHOICE.....THEY HAVE TO PAY EXTRA!!!!

It is that simple.

There is no benefit to the public since OPTIONS COSTS EXTRA!!!

I have to go with what is right and fair. OPEN ACCESS allows people to choose the service they want based on QUALITY OF SERVICE without the penalty of ADDITIONAL COSTS.

The COUNTY RULINGS ARE THE VOICE OF THE PEOPLE and AT&T's Armstrong needs to give up HIS WORLD DOMINATION WET DREAMS!!!

HECTOR
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