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Technology Stocks : MindSpring Enterprises (MSPG) Another ISP. -- Ignore unavailable to you. Want to Upgrade?

To: Heidi who wrote (299)	7/20/1998 5:40:00 PM
From: Ultimate Investor	Read Replies (2) \| Respond to of 1434

Mindspring--mind its valuation. MSPG has a market cap of almost $1 Billion, that's about $2,500 per subscriber. Is it worth it? Competition from everyone (telcos, cable, AOL, Yahoo etc etc) in the retail market. How many subscribers would decline an offer to change their Mindspring account to sat AT&T if offered $200 or even $500. Catch my drift. Please tell me why I should pay $1 Billion for MSPG? Market cap per subscriber far greater than acquisition cost per subscriber. Also MSPG is not a gateway like AOL. You do not have to go through any MSPG site to go to internet. This is a good company and a reasonable stock at $25, at $115 it is outlandish, IMHO. Netcom with 600,000 subscribers was sold for $280 Million.