Pancho.
RE: AOL
Three articles that caught my attention today that all relate to AOL and one that more directly relates to YHOO and XCIT.
Seems to me that AOL is still on a roll keeping the momentum investors pumping money into that stock. Agree it is overvalued but I still do not have the guts to short it. I admire you and your guts.
The last article about Altavista indicates to me that the success and hype surrounding YHOO continues to attract more competition. Indirectly, YHOO and the rest of the search engines are competition for AOL as well and eventually I am confident you will be rewarded with your AOL short. Unless the market is infinite, competition creates lower margins and less profits.
I am short YHOO and watching XCIT closely.
>>AOL, E! in cross-promo, content deal
E! Online and America Online announced an agreement Tuesday which will result in greater news and feature coverage of the online business by E!'s cable channel. The new video focus is part of an agreement in which E! will become an "anchor tenant" on the America Online Web site. E! Online will have a continuous presence on the front screen of AOL's Entertainment Channel, giving AOL members linked access to E! Online's Web site. Lee Masters, President and CEO of E! Entertainment Television, explained his cable programming channel will develop program segments that report on new media's breaking entertainment news, online polls, and live celebrity online chats, using America Online as a source for entertainment information on the Internet.
>>Intuit to pay AOL $30 million
Intuit Inc.will serve as the primary source of original programming for the Personal Finance Web Channel on the America Online Web site under terms of a three-year deal announced Tuesday. The developer of Quicken personal finance software will guarantee payments to AOL of $30 million and agree to share revenues of sales of Intuit products above pre-arranged levels.
Intuit will offer much of the popular financial content found on its own Web site, Quicken.com. AOL president Bob Pittman said the new Intuit features and content will begin appearing within the next few weeks. AOL said its Personal Finance Channel provides 60 million stock quotes per day, maintains over six million active investment portfolios, generates over 13 million financial graphs per month for AOL users. <<
>>AltaVista to travel expansion road
As Yahoo! and Excite and other original Web search companies have broadened their business plan to challenge traditional online services, Digital Equipment Corp. says its AltaVista search service is going there too. Announcing the search site delivers 32 million page views daily, making it the second most popular search engine, Alta Vista is now charting plans to boost its content offerings. New "zone" search areas focused on channels of news, finance, travel and other categories will be added, as will be commerce areas for shopping on the Internet, and making travel arrangements. Digital also reported advertising revenue on the AltaVista site increased 267 percent in 1997, including 41 percent growth in the last quarter. <<
Source for al of the above:
cbs.marketwatch.com |
