Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Neville H. J. Gorman who wrote (21254)	6/10/1999 5:22:00 PM
From: Susan Saline	Read Replies (1) \| Respond to of 41369

summer is always their slow time for subscriber growth ... only makes sense ... more people out and about, enjoying the out doors ... than on the puter .... Thursday June 10, 4:09 pm Eastern Time AOL Q4 growth at low end of range: Merrill NEW YORK, June 10 (Reuters) - Internet service provider America Online Inc. will see subscriber growth for the fiscal fourth quarter at the low end of its forecasts, Merrill Lynch analyst Henry Blodget said Thursday. In a report, he said America Online had told Wall Street analysts to expect 750,000 to 850,000 new subscribers in the quarter which ends this month. ''Based on conversations with management over the last few days, we believe that AOL's net adds for the quarter will come in at the low end of the ... range -- perhaps between 750,000 and 800,000,'' Blodget wrote. He had estimated a gain of 813,000 subscribers. America Online is the biggest online service provider, with more than 17 million subscribers. Some investors may be disappointed by the growth in subscribers, he wrote. ''The company missed its subscriber target in this quarter last year, however, and it didn't hurt the stock.'' Speculation that America Online's subscriber growth for the quarter would be lower than expected has helped drive down the stock price. The shares were off 4-7/16 Thursday at 106-9/16, almost 37 percent off their record close in early April. Subscriber growth in Europe and Japan was markedly weaker than expected. America Online likely will add 75,000 international subscribers, well below Blodget's forecast of 200,000. However, North American growth was strong. ''The company is likely to easily exceed our estimate of 613,000.'' Blodget was still comfortable with his revenue estimate of $1.3 billion and earnings forecast of $0.10 a share.