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To: blankmind who wrote (23348)7/29/1999 10:21:00 PM
From: Jeff Dryer  Read Replies (1) | Respond to of 27307
 
Thanks for sharing that with us blankmind.

That is really depressing.

On May 11, 1999, it was announced to the World that Mary Meeker upgraded AOL from Outperform to STRONG BUY!

AOL closed on May 11, 1999 at about $140 per share.

AOL closed on July 29, 1999 at $98 3/4 per share.



To: blankmind who wrote (23348)7/30/1999 11:04:00 AM
From: Paul Viapiano  Read Replies (4) | Respond to of 27307
 
<<<AOL does have extras - but it's still basically ISP - all I'm saying is that the price of ISP connection, like all tech services in a maturing market, is eventually going to drop. As it does, AOL will start losing members.>>>

Blankmind,

What you are missing is the fact that in a maturing internet market the last folks to sign up for ISP service are the least technically inclined, the folks who believe that AOL is too hard to use right now. These are the folks that will migrate to AOL in droves when it is their turn. AOL offers the easiest and friendly to use interface so far and AOL realizes that. Non-techies want all-in-one solutions and that is exactly what AOL offers. AOL hasn't even scratched the ultimate surface of subscribers yet. These will be the same customers who have made Wal Mart such a giant in retailing.

Paul