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

To: swig who wrote (15486)	5/7/1999 12:43:00 AM
From: puborectalis	Respond to of 41369

Company: AMERICA ONLINE Industry: Communications Services Last Update: MARCH 1999 AT A GLANCE Symbol: AOL CEO, Chairman: Steve Case Founded: 1985 Employees: 8500 www.aol.com (703) 448-8700 Dulles, VA MARKET Provides Internet service and content aggregation with a membership base of approximately 12 million. Users can remain within the AOL community or connect to the Web via the service's gateway. Also provides email and instant messaging services. In March 1999 acquired Netscape Communications for $4.2 billion, a deal that also guaranteed that AOL would earn $975 million in sales royalties from Sun Microsystems on Netscape software. In January 1998 acquired CompuServe's content service, and sold the transmission business to WorldCom for $175 million. June 1998, exchanged $287 million in stock to acquire Israel-based Mirabilis, developer of ICQ, an online chat service that now has over 20 million registered users worldwide. Other strategic partners include AdForce, Amazon.com, Intuit, and JFax; Microsoft and CBS advertise their content Web sites on AOL. In addition, the company has marketing agreements with companies such as Amazon.com and 1-800-Flowers. Customers are primarily individual Internet users and small businesses. Competition includes AT&T, Microsoft, Yahoo, and Prodigy. FINANCE Revenues for second quarter 1999 were $960.0 million, up 62 percent from the same quarter of the previous year. Net income for the quarter was $121.0 million, compared with net income of $20.8 million for second quarter 1998. CEO cofounded the company and was appointed to position in 1992.