Sam, I'd have bet 95% are on the 19.95 plan, but of course I don't
know for sure. They have to be including the 2.5 million in the 12
million member count, otherwise why the lag before hitting 9 million
and why the rapid increase after the Compuserve acquisition. (?) It
could just be some churning, but I looked at a recent press release
and they said "in addition to the 12 million subs, they also have 2
million subscribers via Compuserve", so it looks like you're correct
unless they're using some sort of Clinton-speak. I'm looking through
their SEC info to try to get more answers to these issues, but looking
through their SEC info only brings up more questions than answers.
BTW, their stocks outstanding increased by 4% because of option
exercise? Is that not somewhat excessive?
AMERICA ONLINE, INC. AND SUBSIDIARIES
Consolidated Statement of Changes in Stockholders' Equity
(Amounts in thousands, except share data)
(unaudited)
<TABLE>
Preferred Stock Common Stock
Shares Amount Shares Amount
<S> <C> <C> <C> <C>
Balances at June 30, 1997 1,000 $ 1 100,188,971 $1,002
Common stock issued:
Exercise of options - - 3,924,164 40
Business acquisitions 33,724 -
Sale of stock 67,244 -
Amortization of deferred compensation
Tax benefit related to stock options
Unrealized gain on available-for-sale
securities
Net income - - - -
Balances at December 31, 1997 1,000 $ 1 104,214,103 $1,042 |
