Yep, both providers. Here's an old Briefing piece that puts them side by side. (What's that symbol you put in to make tables print right?
EARTHLINK NETWORK INC (ELNK) 63 1/8 +2 1/16.Ladenburg Thalmann making a valuation call on shares of the Pasadena, CA-based Internet access provider. The firm initiates coverage of EarthLink Network with a "buy" rating and a 12-month price target range of $85-$90 (implying upside of 35% to 43%). With over 1 million subscribers, ELNK ranks as one of the top five ISPs in the country. However, the stock trades at a substantial discount to the majority of its peers, despite projections that the company will expand revenue at twice the industry growth rate. The attached table uses Ladenburg Thalmann's data to compare valuations of some of the nation's largest independent public Internet access providers.
Stock Price/Sales Ratio (Trailing) Number of Subscribers Valuation Per Subscriber FY99 Revenue Analyst Mean Rating
America Online (AOL) 23.5 15.5 mln 6,338 $4.17 bln Strong Buy (26 strong buy, 6 buy)
Internet America (GEEK) 11.4 0.05 mln 3,662 $16 mln Buy (2 buy)
MindSpring (MSPG) 7.6 1.1 mln 2,256 $328 mln Buy (5 strong buy, 2 buy, 1 sell)
Prodigy Communications (PRGY) 14.4 0.51 mln 4,162 $146 mln n/a (recent IPO)
EarthLink Network (ELNK) 6.4 1 mln 1,905 $296 mln Strong Buy (3 strong buy, 2 buy)
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