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

To: Dom B. who wrote (6024)	3/2/1999 2:08:00 PM
From: Jim Lamb	Respond to of 41369

AOL bills itself as Net's 'blue chip' Steady revenue from its 16 million subscribers By Brenon Daly, CBS MarketWatch Last Update: 7:17 AM ET Mar 2, 1999 Conference flashes SALT LAKE CITY (CBS.MW) -- America Online says it's become the "blue chip" company for Internet investors. Today on CBS MarketWatch Dow up on bond, H-P boost Hewlett-Packard breakup Europe burdened by U.S. rate worries New home sales plunge 5% to 918,000 Are small banks ready for rebound? More top stories... CBS MarketWatch Columns Updated: 3/2/99 1:09:50 PM ET In addition to the steady stream of revenue from its 16 million subscribers, the company (AOL) has more than $1 billion in deferred advertising, Chief Operating Officer Bob Pittman said Monday night at a dinner speech during the Hambrecht & Quist Planet.Wall.Street conference. The 2 1/2-day conference has drawn about 400 money managers to Utah to hear presentations by some of the leading Internet companies. See reports from the conference. H&Q analyst Paul Noglows calls AOL his "No.1 pick." The combination of predictable sales and tremendous growth has made the stock a favorite on Wall Street. The shares rose 3/8 to 90 Tuesday morning. Marc Weiss, from Amerindo Investment Advisors, agreed that AOL is a blue-chip company. But he voiced a bit of caution over how AtHome's emerging broadband service will hit AOL. AtHome is rolling out a service that will allow users to get much quicker Internet access and handle multi-media content better. The company (ATHM) recently spent about $6.7 billion to acquire search engine Excite (XCIT). Weiss added, however, that even if AtHome has tremendous success over the next three to four years with its service, the company won't be an "AOL killer." Brenon Daly is an online reporter for CBS MarketWatch.