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

To: J.S. who wrote (10571)	7/8/1998 11:24:00 PM
From: J. P.	Read Replies (2) \| Respond to of 13594

Read Peter Lynch, "One Up On Wall Street". Page 117-118. Lynch writes about TCI (in 1977): "I wish I'd bought more shares of Telecommunications, Inc., a cable company that sold for 12 cents a share in 1977 and $31 ten years later, up 250 fold. I had a very small position in this, the largest U.S. cable company, because I didn't appreciate the value of the assets. The earnings were poor and the debts were worrisome, so on the traditional measures, cable was an unatttractive business. But the assets, in the form of the cable subscribers, more than made up for the negatives. All the people with an edge in the cable business could have known it: and so could I. Regrettably, I never took more than a piddling position in the cable industry, despite the urging of Fidelity's Morris Smith, who periodically pounded on my table to convince me to buy more. He definately was right- for the following important reason: Fifteen years ago, each cable subscriber was worth about $200 to the buyer of a cable franchise, then ten years ago it was $400, five years ago $1,000, and now it's as high as $2,200. People in the industry keep up with these numbers, so it's not exactly esoteric information. The millions of subscribers to Telecommunications, Inc., made it a huge asset."

To: J.S. who wrote (10571)	7/9/1998 1:03:00 AM
From: Mick Mørmøny	Read Replies (1) \| Respond to of 13594

AOL SCOOP.... Wedding Bells online!! I have just learned that Steve Case and his girlfriend Jean Villaneuva were secretly married at Steve's home in Virginia last week. And get this! The presiding minister was none other than Billy Graham!! Villaneuva, you may recall, was AOL's head of corporate communications until she and Stevie revealed to the AOL board that they were an item. Congrats. Now could you just make AOL faster, get rid of the ads, and cut the subscription price? And we thank you for your support. Fortune Business Report, 7/8/98