Good Afternoon Modano and ALL
Well the shake out and year end tax selling crap was not that bad on AOL. Here is some nice news just a couple of minutes before the bell. Every body should have a business that is growing like AOL.
Wednesday December 30 3:56 PM ET
America Online Membership Climbs To 15 Mln
DULLES, Va. (Reuters) - Internet services provider America Online Inc. (NYSE:AOL - news) -
which had 1 million subscribers in 1994 - had 15 million clicking and browsing this Christmas,
the company said Wednesday.
About 1 million have joined since November 12, when it surpassed the 14 million mark, the
company said.
Christmas day brought in more new customers than ever before in the Dulles, Va.-based
company's history, it said.
In August 1994, AOL had more than 1 million members. In three years' time, 9 million
members joined. The surge continued well into 1998, with 14 million subscribers using AOL as
of November this year.
Wall Street attributes the subscriber growth to a surge in PC sales over the holiday season and
the publicity surrounding the movie ''You've Got Mail,'' which according to one analyst is ''a
billboard for AOL.''
Stock of America Online, which was recently added to the blue-chip Standard & Poor's 500
Index, was under pressure today after being on a roll amid the recent Internet stock frenzy on
Wall Street. It last traded at $145.50, down $7.75, on the New York Stock Exchange.
The good times should resume after a day or so.
Yes this is a totally new era for AOL as the next millenium will show the internet blue chip king to be a wealth builder for your portfolio.
Best Wishes
Frank |
