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Technology Stocks : America On-Line (AOL) -- Ignore unavailable to you. Want to Upgrade?


To: stock bull who wrote (20725)6/7/1999 3:35:00 PM
From: DOUG H  Read Replies (1) | Respond to of 41369
 
Stock-Bull,
I live just south of L.A./ Santa Monica. The only entity more messed up than City Council is the Board of Education. That is going to be fun to watch!!!!!!!

<<<Steve, the news I heard was that LA's City Council was considering open access on the cable. As far as I know, it has nothing to do with Santa Monica. Besides, as you may know, Santa Monica is a separate city from LA. So, LA's possible ruling would have no affect on Santa Monica.

Of course, the bigger issue centers around the City's ability to regulate these matters. It may be that only the Federal Government can regulate. Sure hope AOL comes out on this deal.

Stock Bull >>>>>>>>>>>>>>



To: stock bull who wrote (20725)6/7/1999 4:09:00 PM
From: Steve Robinett  Read Replies (2) | Respond to of 41369
 
Stock Bull,

You're right. The bigger issue is whether the City can regulate cable at all, something normally regulated by the FCC. As I mentioned Friday when this topic came up, since the Portland court said the city could make open cable access a condition of granting the cable company a contract, the question also comes up whether the city can pick and choose cable content as opposed to simply accepting or rejecting cable as a fixed package. I was under the impression that the 1996 Telecommunications act preempted local control of cable (which is why my cable bill had jumped substantially over the last couple of years--no competition and no longer local control).

From the market's reaction today with both ATHM & AOL, I'd say most people, after thinking it over, are concluding the Portland ruling is of little importance. If a court ruling did give AOL instant cable hitchhiking rights, AOL would be selling at $170/shr in ten minutes.

BTW, I see AOL's volume today, at around 22mm, is about average. IOW, nothing special.
Best,
--Steve