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Technology Stocks : AOL, now I get it

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To: K.J.Devine who wrote (307)	1/16/1997 5:37:00 PM
From: yard_man	of 496

I'm afraid I have to agree. Look at the changes in member numbers, usage numbers disclosed today and put together with a measly 75% increase in modem capacity expected at the end the $350 mil upgrade. Usage is increasing significantly faster than usage numbers with the flat-rate pricing. The Company has no clue what the usage would be if all the people trying to connect were able to do so. Only by revealing the number of fails to connect can anyone get an idea of how deep a hole they are in. Personally I think the hole is pretty deep. Give it a little time, people believed the song and dance today and the increase in customer numbers has some dumb MM's excited. I'm short at 39.5. Too soon, probably, but the time has been shortened for reality to set in IMO.

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