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Technology Stocks : LAST MILE TECHNOLOGIES - Let's Discuss Them Here

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To: MikeM54321 who wrote (3000)	3/4/1999 12:43:00 PM
From: Sam Citron	Read Replies (1) of 12823

"...no one seems too concerned about the future of AOL ... it would have to try to hitch a ride somehow... I think AOL has proved time and time again that they are masters of evolutionary transformation. I had written them off more than once for roadkill. But they have managed to stay in the sweet spot of the tech cycle for many years. I'm sure they will do a deal when the time comes, whether it is with an MSO, a telco, a hybrid like AT&T, or a satellite company like Hughes. With AOL's new-found status as the "blue chip internet company," their cost of capital is much lower than their competitors. And even after their recent spat with the attorneys general of 40-some states, they carry much less of a regulatory overhead than their telco cousins. I'm not too worried about them. Sam

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