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

To: PDL who wrote (14439)	5/3/1999 3:05:00 PM
From: Joe S Pack	Respond to of 41369

Pete: Thanks for the information. Here is a little bit of personal experience on why competition is good for the customer. In 1987 when I was living in Colorado I had to pay $2.25 for the 1st minute for a call to India and $2.01 after every subsequent minutes. Now I can get the same call from East coast for 65 cents (after several begings from a AT&T rep for their service ). Of course we need to count the facts that Indian telephone network improved since then and may be a couple of cents difference due to East coast origination etc. But the point is, if we include a modest inflation of 3% per year and if we compound it over 12 year period the same call should cost at least 40% more on top. Hence according to then rate the cost should be $3.15 for the 1st minute and $2.82/minute for remaining minutes. Now I pay approximately 45% of that cost. All along ATT was my carrier and has ripped of like anything. IMHO, competitive access to cable lines as in telephone lines will greatly benefit customers. -Nat P.S: I am long AOL and no position in T.