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

To: Tim Kenney who wrote (8895)	3/18/1998 8:06:00 AM
From: jack rand	Respond to of 13594

>>Does anyone care if the RBOC's "subsidized" losses in the ISP >>subidiary with profits from the operating company if it is just >>on paper anyway? "On paper" = income statement = shareholders care. If u buy services from the telco and lose $ reselling it that's an absolute loss. ROR terms now are set by each state. Trend has been less to caps per se than to allowing LEC to keep greater % of profit above certain baselines -- i.e. telco benefits from increasing efficiency of its ops.