Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?

To: Mark Fowler who wrote (14923)	8/27/1998 9:31:00 PM
From: llamaphlegm	Respond to of 164684

Internet companies growth rates have a finite limit? Other etailing companies are aggressively expanding into other markets and may soon change the face of on line commerce? Internet companies use funny accounting to justify their existence? What's this world coming to? Next thing you know Russia will default on all its GKO and MinFin debt and we'll have a global meltdown. Oh. Well, maybe next thing you know, companies will begin, once again, to be evaluated on their fundamentals. Probabaly just wishful thinking. LP PS Lord, one 4% correction and suddenly we have more market experts, aka diviners than all of wall st!!! AOL reaches 13 million users By Frank Barnako and Darren Chervitz, CBS MarketWatch Last Update: 4:44 PM ET Aug 27, 1998 Listen to Internet Daily America Online, the undisputed king of Internet access, announced it surpassed the 13 million member mark. AOL (AOL) President and Chief Operating Officer Bob Pittman called it another sign of the company's "strong global growth momentum." But one analyst pointed out that it took AOL a lot longer to reach the latest million-member milestone than it has to reach the last few million marks. According to David Simons, managing director of Digital Video Investments, it's been 133 days since AOL announced it surpassed the 12 million mark, while it took the company 76 days to announce a jump from 9 million to 10 million, 64 days to go from 10 million to 11 million, and 86 days from 11 million to 12 million. The company's growth rate has also slowed down in previous summers, but Simons said comparisons are tough since the company was going through additional problems in previous years. "The current 133-day lag is dramatically greater than during the prior three quarters, including the January-April post Christmas period, which also is characterized as seasonally slow," Simons wrote. Priceline names new CEO Online retailer Priceline.com announced Thursday it's named former Citicorp president Richard S. Braddock chairman and chief executive officer. The 56-year-old Braddock is also a member of the company's board of directors and an investor. Company founder, Jay Walker, was named vice chairman. Braddock worked at Citicorp (CCI) from 1973 to 1992, including a stint as president and COO of Citicorp and its principal subsidiary, Citibank N.A., from 1990 to 1992. He is also a board member of online brokerage E*Trade Group (EGRP) and True North Communications Inc.(TNO), owner of Modem Media.Poppe Tyson, a large interactive media company. Excite, Netscape criticized for accounting Excite Inc. and Netscape Communications Corp. accounted for their recent two-year marketing deal differently, generating criticism the treatments may distort future earnings for Excite (XCIT), The Wall Street Journal reported. Excite chose to write off $56.8 million of its $70 million agreement with Netscape in the same quarter the deal occurred. By taking the charge quickly, Excite got a big expense behind it and could break even as early as the fourth quarter of this year, the newspaper reported. CIBC Oppenheimer Internet analyst Henry Blodget described the move as "an aggressive accounting choice that distorts future operating earnings." The chief financial officer for Excite, Robert Hood, was quoted saying "This is clearly a complicated transaction. But we think (our reporting) has been adequate and complete." Netscape (NSCP) handled the deal by accounting for its revenue from Excite across the two years of the contract's life. CBS.MarketWatch.com pointed out the accounting trick