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Technology Stocks : America On-Line (AOL)
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To: Wolfgang who wrote (5447)2/22/1999 4:31:00 PM
From: Islander  Read Replies (1) of 41369
 
ICQ Fans Seek AOL (from thestreet.com):

America Online's (AOL:NYSE) ICQ instant chat and communication technology is expanding AOL's already massive brand, and attracting attention from attendees at Robbie Stephens.
Getting into AOL's session was about as tough as getting into its stock at a reasonable price. A mass of people standing in the concourse waiting to see AOL's presentation had to jostle with the crowd leaving Cisco (CSCO:Nasdaq)'s presentation immediately before. The logjam at the entrance, cracked BankBoston Private Bank vice president Jeffrey Green, was "like trying to log onto AOL."

Currently about 85,000 to 90,000 new registrants are logging on and signing up for ICQ every day and about 94% of the ICQ users are not AOL members, said Ted Leonsis, president of AOL studios.

More than 29 million people use ICQ and only 6% of them overlap with AOL's existing user base. And those users are spending an average of an hour a day using the instant messaging service. "It's the fastest growing community on the Internet today," says Leonsis, "and ICQ is very sticky."

Curtis Brown, a money manager for Curtis Brown & Co. says he doesn't own AOL stock, "but I'd sure like to. But at what price?" He said he was waiting for a correction before he'd buy in.

-- Suzanne Galante


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