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Technology Stocks : America On-Line: will it survive ...?

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To: chenys who wrote (2606)3/30/1997 7:02:00 AM
From: Todd Daniels   of 13594
 
>Churning is not important

Huh?

It sure is when your cost per net new sub is upwards of $200.

It sure is when, due to attorney generals you pull marketing
waaay back from Feb-May, thus not enabling replacement of
lost subs.

AOL has been brilliant in allowing the market to keep assuming
8 million. What's amazing is how many appear so willing to ignore
or hope against hope about the obvious.
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