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To: Bill Harmond who wrote (52024)	4/21/1999 1:15:00 PM
From: KeepItSimple	Respond to of 164684

William, you failed again. For every one "AOL" that manages to expand like crazy and then finally make a profit, there are tens of thousands of companies that expanded like crazy and went broke. Expanding too quickly is the #2 reason most businesses fail. If you care to dispute that fact, take it up with your local small business loan association and find out yourself. The only reason internet companies are getting away with it is that the US equity markets are currently extremely willing to give an infinite supply of capital to these companies in order to fund further expansion and losses. And if you want to get down to brass tacks, AOL still has an accumulated defecit of around 400 million dollars, so one could argue that they still are not turning a profit. >that it will never be cheaper than now to snag loyal customers, and they are >spending big upfront to do it.