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Technology Stocks : America On-Line (AOL) -- Ignore unavailable to you. Want to Upgrade?

To: Craig A who wrote (5605)	2/23/1999 7:32:00 PM
From: RocketMan	Read Replies (1) \| Respond to of 41369

One thing about 30% of Americans on line is that this represents the start of the steep part of the technology adoption S-curve. The growth from 30% to 70% or so is typically explosive. So this bodes well not only for AOL but for a lot of ISPs. AOL having the most eyeballs should profit the most.

To: Craig A who wrote (5605)	2/23/1999 7:59:00 PM
From: RocketMan	Read Replies (1) \| Respond to of 41369

CNBC synopsis for those who missed it: from netcognizance.com Steve Case of AOL From: Henry Niman Date: 2/23/99 Time: 4:38:20 PM Remote Name: 12.79.49.213 Comments AOL report was just on CNBC. Would go down in history with MSFT, CSCO, and DELL. AOL is "Anywhere and Everywhere" Have 38 million unique users which is a larger readership than the top 18 newspapers. Steve Case came up with the concept when downloading a game via modem in 1982. Envisioned a mass marketing vehicle. Began with $1 million from VC and was compete with a $1 Billion war chest of IBM and Sears (Prodigy) Now control 50% of the Internet in Content, Community, and Commerce In 30% of US households. Projected to go to 50-70% Sales of $2.6 Billion on 1998 with a market cap of $80 Billion which ranks in the top 50 of the S&P 500. Also has $1.2 Billion in cash. 80% of income from subscription with rest from ads and E-commerce. Expect income to go to $4 Billion in 1999. Returned 600% for 5 year investment. Has a dominant position with 2500 employees at one site. Looking to develop more interactive information flow. Acquires NSCP, Compuserve, and ICQ. Average user time has risen from 14 min to over 1 hour. However, there is lots of work to be done in a hyper competitive environment MSFT and DIS' Go.com are a couple of competitors, and Broad Band will also compete where AT&T and TCI dominate. --------------------------------------------------------------------------------