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Technology Stocks : How high will Microsoft fly? -- Ignore unavailable to you. Want to Upgrade?

To: Jim Lamb who wrote (4569)	12/31/1997 3:18:00 PM
From: DiViT	Respond to of 74651

Microsoft Acquires Hotmail [December 31] Microsoft announced today the acquisition of Hotmail, the popular free Web-based e-mail service. Microsoft reports that Hotmail will become an integral component of The Microsoft Network. In addition to a free e-mail service, members of MSN Premier will be able to check their MSN e-mail from anywhere through a Hotmail account. "Hotmail has been a Web-mail pioneer," said Laura Jennings, vice president, The Microsoft Network. "It has built a strong following by offering a free, high-quality e-mail service that lets its members access a permanent e-mail address from any PC with an Internet connection." "Our goal is to combine the benefits of Hotmail with Microsoft services and technology to provide consumers the best combination of free and premium e-mail services. We are committed to making it even easier for people to communicate over the Internet from anywhere in the world." The Hotmail service, which serves over 9 million members worldwide, enables users to retrieve e-mail from up to four POP3 e-mail accounts via any Net-connected PC. Microsoft reports Hotmail will continue operations in Sunnyvale, Calif., as a wholly owned subsidiary of Microsoft. Financial terms of the acquisition were not disclosed.