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Microcap & Penny Stocks : XSNI - X-Stream Network -- Ignore unavailable to you. Want to Upgrade?

To: Jon C who wrote (1331)	6/17/1999 10:08:00 PM
From: Jeffrey D	Read Replies (3) \| Respond to of 3519

Jon C:<<An interesting statement arises in the financial statements for year ended30th April 1998: As a note to the accounts "If the company's shares have not commenced trading on the NASD otcBB by 31st October 1998 then the acquisition of X-stream Technologies is subject to cancellation">> Hi Jon, that is interesting. It shows they intended to trade on the OTC BB. Although no shares traded until March, 1999, well after their Oct. 1998 deadline, they chose not to cancel their acquisition of X-Stream Technologies. Uhhh, good thinking! Jon C:<<If you would like a copy of these documents I would be happy to scan them and send them to you.>> Yes, I would appreciate that if it is not too much trouble. Thanks, Jeff

To: Jon C who wrote (1331)	6/18/1999 3:23:00 PM
From: Jon C	Read Replies (1) \| Respond to of 3519

Jeff, The documents amount to some 90 pages so I would prefer to actually snail mail you a hard copy. If you email a postal address I'll airmail them on Monday. <URL:mailto:01487812170@x-stream.co.uk> You can then disseminate the information on your side. The following doesn't really help us x-streamers but it shows the way forward. Unless they want to buy X-stream. Kind regards Jon C SAN FRANCISCO (AFX) - America Online Inc is considering offering a free internet access service in the UK to complement its existing pay service, Merrill Lynch analyst Henry Blodget said. "We believe that it is highly possible the company will soon launch its own 'free' service, most likely as a non-AOL branded complement to its existing service," Blodget said in a note to investors. Blodget said a free access service in the UK is unlikely to cannibalise AOL's existing pay service as the services' demographics differ widely. AOL's paid subscribers tend to have higher incomes and are equally divided between male and female, while the free access service user is predominantly male and low-income. Blodget also said AOL management thinks the slow subscriber growth in the UK is due to a planned reduction in marketing spending as the company assesses the competitive landscape, rather than a shortfall in new subscribers. He noted that the reduction in marketing efforts is a "conscious decision." He added that since AOL Europe is a joint venture with Bertelsmann AG, a slowdown in UK subscribers does not impact earnings. Last week, Blodget revised his subscription growth figures for AOL's European subscribers mainly due to Dixon PLC's Freeserve site gaining market share in the internet service provider market. Blodget said he remains "comfortable" with his estimate of 775,000 new subscribers in the fourth quarter to June. The estimate is at the low end of the company's forecast of 750,000-850,000, or 41 pct year-on-year growth. "Subscriber growth is slightly lower than we and most of (Wall) Street originally expected, but is squarely in line with recent growth rates and the company's stated expectations," Blodget wrote. The analyst also reiterated his 1999 EPS estimate of 10 cents and his "other" income estimate, covering advertising and e-commerce, of 290 mln usd. The consensus estimate is for an EPS of 11 cents. At 1:35 PM, AOL shares were up 3/16 at 110-7/8, while the S&P 500 was up 0.45 at 1,340.35.