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To: Yaacov who wrote (23952)6/28/1999 11:05:00 AM
From: William Hunt  Read Replies (2) | Respond to of 27012
 
Thread ---an interesting article on AOL'S possible competition :

Message 10289672

Definitely something to think about how the web is developing

BEST WISHES
BILL



To: Yaacov who wrote (23952)6/28/1999 5:29:00 PM
From: Sonny McWilliams  Respond to of 27012
 
Hello Yaacov. Sorry, now I was away for the weekend. About AOL. I have not had enough time yet to research those new goings on. Free internet in Europe? My eye. It's just starting now. Some cos., just like over here, had started free internet service. But as you must have heard, internet service is not quite free. Like a lot of analysts are saying: There is no such thing "as a good" free lunch yet, even in the internet area. In Europe phone charges, over here you have to sign up for a certain time, buy cpts or just don't get the service you want. Some of those things can get pretty tied up on access.

I am not sure what all this new stuff is going to do to AOL or all those other ISP's. But if the other cos. can give free access, I am sure AOL will find a way. Hence, giving free internet service in UK and Germany now. So far AOL is way ahead of the game when it comes to users and free is not always the best way to get the right stuff. I guess we will have to wait and see how all this unfolds.

The article Bill put on is pretty telling. I heard AOL say that the future of the providers is in the advertising area, commerce etc. anyhow. I am sure they know what's going on. Of course, tell this to my portfolio. Sheesh. I have quite a bit of AOL, luckily bought low, but still, it hurts. gg.

The internet will be changing lots of times before all the technology has been sorted out. WCOM, LU, Csco, EMC, IBM, Msft, Intc etc. will have a major role in building the net or transferring the data. Security, like Vrsn and the like, will also be important.

Anyhow, I am sticking with all of my shares in AOL so far. Also Yahoo, Amzn etc. This could be actually a good summer for a change. Our yearly surplus over here is going out of sight. Well, we hope it stays that way for a while. Talk by Clinton is that we could be free of debt by the year 2020, I may be a little off on the year. Of course, a lot of things can happen by that time. But just think where the stock market could be if this came true? Maybe we get to keep the same Republican Congress who will keep the spending down and give us some of our money back. I know, you don't pay capital gains taxes. Lucky you. We get taxed twice on OUR money. If you don't save or invest you don't have this problem over here. Some invest and pay for the ones that don't.

Figures came out again that the consumer is spending more than income went up. We are supposed to have the lowest savings rate ever or at least in a long time. Yes, if you figure things the way the GOVT does, they are right. When you don't count stocks as savings, I have very meager savings. Every available cent goes into the market on my end. So, I guess I am in the category of a spender and not saver. Gee, and I actually thought that I was spending less this year than normally. gg. One of these days the GOVT will get with it. Where the heck do they think all this surplus is coming from? I would say most of it from capital gains taxes and not payroll taxes. Sheesh.

Sonny