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

To: Jeff Mills who wrote (13503)	1/27/1999 4:34:00 PM
From: William F. Wager, Jr.	Respond to of 13594

America Online 2Q Net 17c/Diluted Share Vs 4c America Online Inc. - Dulles, Va. 2nd Quar Dec. 31: -a 1998 1997 Revenue $960,000,000 $592,000,000 Net income 121,000,000 33,000,000 Avg shrs (basic) 460,000,000 413,000,000 Avg shrs (diluted) 561,000,000 512,000,000 Shr earns (basic) Net income .26 .08 Shr earns (diluted) Net income .22 .06 a. Figures not on fully taxed basis because company's tax provision continues to be substantially offset by utilization of net operating loss carryforward. On a fully taxed basis, second-quarter net income was $88 million, or 17 cents per diluted share, compared with $20 million, or 4 cents a diluted share a year ago. America Online Inc.'s (AOL) second-quarter revenues from advertising, commerce and other areas rose 66% from a year ago to $181 million. The company reported 1.6 million net new members in the second quarter, bringing total worldwide membership to 15.1 million. Including CompuServe, which has about 2 million members, AOL has 17 million members. Second-quarter online service revenues rose 61% to $779 million, compared with a year ago. Advertising and electronic commerce revenues rose to $126 million from $54 million a year ago. The advertising and electronic commerce backlog rose to $729 million at Dec. 31 from $598 million at Sept. 30. Second-quarter cash flow from operations rose 193% from a year ago to $208 million. The company had cash and cash equivalents of $1.5 billion at Dec. 31, up from $521 million a year ago.