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Technology Stocks : America On-Line: will it survive ...? -- Ignore unavailable to you. Want to Upgrade?

To: Steve Robinett who wrote (5979)	11/16/1997 5:19:00 PM
From: jack rand	Read Replies (1) \| Respond to of 13594

From Excite's Q3 10Q filed 11/13. See last sentence. ... the Company and AOL have agreed that a co-branded version of the Excite service will be the exclusive provider of Web search and directory services to AOL's customers for a minimum of two years. The Company will receive a share of revenues generated by the co-branded version of the Excite services hosted on AOL as royalties, and AOL will incur all hosting, advertising and selling expenses. On March 13, 1997, the co-branded service "NetFind" became available on AOL, which allows AOL subscribers easier access to Excite Search and Excite Directory. To date, revenue received by the Company relating to the above agreement has been less than anticipated. ** This is surprising. Either Excite's expectations were too high or something unexpected has disappointed them.