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To: Mark Fowler who wrote (61891)	6/11/1999 10:31:00 AM
From: Glenn D. Rudolph	Respond to of 164684

Mark, From your favorite, Keith Benjamin: "THE NEXT YAHOO! - In Germany, www.Web.de, appears well positioned as the deepest source of German content and commerce. While lagging behind Yahoo! Germany, we expect Yahoo! may suffer an inherent disadvantage by not focusing enough effort on building local services. In the U.K., AOL appears to losing share against competition offering free access, relying on bounties from relatively high local access charges. While the U.K. circumstance appears unique, we believe AOL has been slow to respond. Across Europe, local access charges are variable, unlike fixed U.S. rates, yielding incremental monthly charges often in excess of the ISP fees for long distance access. This challenge may slow, but not stop Europe from quickly catching up with the U.S. in terms of penetration of Web access. Fortunately, rates in some countries appear to be trending down."