To: GOPbabe who wrote (1068 ) 1/6/1998 12:20:00 PM From: Frost Byte Read Replies (1) | Respond to of 29970
GOPbabe, When you access AOL via @HOME, is the AOL service still extremely slow or is it sped up by using the cable infrastructure? Also, I've copied this from another message board which attempts to explain @HOME's share price weakness: Subj: Reasons for poor performance: By: doug9186 Date: Jan 5 1998 8:29 P.M PST Reply To: Msg. 355 by wsbill 1) Lock-up expiring January 8th....119mm shares outstanding, but only 10mm currently traded...potential for significant selling pressure by insiders who paid pennies for their shares. 2) From ATHM's filing with the SEC in mid-November: a)"While approximately 9,000 customers in Canada currently are being converted from the Wave service offered by Rogers and Shaw, deployment in Canada has been slower than the Company anticipated. The rate at which subscribers have increased during the first three quarters of 1997 should not be taken as indicative of the rate at which subscribers may be expected to increase in the future. In particular, while the Company has forecast that its number of subscribers may grow by up to 100% in the fourth quarter of 1997 from approximately 26,000 subscribers in the third quarter of 1997, there can be no assurance that the Company will achieve this level of subscriber growth, particularly given the risks set forth in this "Factors That May Affect Future Results" section." b) "Because of the very substantial capital cost of upgrading cable systems for high-speed two-way data transmission, there has been uncertainty in recent months as to the rate at which the cable affiliates will upgrade their systems. The failure of the cable affiliates to complete these upgrades in a timely and satisfactory manner, or at all, would prevent the Company from delivering high-performance Internet access services and would have a material adverse effect on the Company's business, operating results and financial condition." What do they mean "there has been uncertainty in recent months?" 3) With all the $ TCI is devoting to cable set-top boxes, there is concern that upgrading their systems for the @HOME service is no longer a top priority. Unfortunately, @HOME does not control its own destiny.