<<...that nagging little issue of bandwidth.>>
Jorge,
I agree with you that this issue will be looked after shortly. However, this is NOT an issue as far as AOL's top & bottom lines. Regardless of the trend to increased bandwidth, through cable modems, AOL's top & bottom lines WILL grow tremendously over the next 18-24 months.
Sometime during this period, or shortly after, AOL's management will finally decide to leverage their 15-20 million (#'s by that time) subscribers, and merge with AT&T/TCI. As you may, or may not know, TCI, which will soon be part of AT&T owns a large chunk of the @home network. If that doesn't happen, look for something to happen with AOL and Roadrunner, a MSFT investment.
Bottom line,
ANY WAY YOU LOOK AT AOL...IT IS THE END WINNER. 15-20 MILLION subscribers is simply overpowering leverage, which AOL will take full advantage of.
JMHO,
James |
