Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Brian Malloy who wrote (17426)	5/17/1999 9:33:00 PM
From: Jerry Miller	Respond to of 41369

America Online Expected to Detail Broadband Plans at Meeting Bloomberg News May 17, 1999, 2:21 p.m. PT America Online Expected to Detail Broadband Plans at Meeting Dulles, Virginia, May 17 (Bloomberg) -- America Online Inc., the world's largest Internet service, is expected to update analysts about its plans for offering high-speed Internet access at its analyst meeting in Washington, D.C., on Wednesday. The all-day event will include presentations from Chairman Steve Case and President Bob Pittman, according to analysts. America Online needs to offer its more than 17 million subscribers high-speed Internet connections because more consumers are demanding it. So far, AOL has joined two telephone companies to offer fast service over phone lines. The company might reveal additional phone-company partnerships that would allow AOL to offer the service in more parts of the U.S., and could disclose details about its Internet-television product, said analysts. ''They'll try to comfort all the worried souls and show us how they plan on competing'' with other high-speed Internet companies, said Youssef Squali, an analyst at Ladenburg Thalmann & Co. who rates AOL a ''buy.'' America Online said last week that it's joining with General Motors Corp.'s Hughes Electronics Corp. and DirecTV to develop its Internet television product, called AOL TV. The service will let people watch television shows and chat online with friends at the same time. America Online is competing against a rival high-speed technology sold by At Home Corp., the No. 1 cable-Internet company, and others that use cable-TV lines. So far, cable companies have resisted opening their networks to AOL. ''AOL should be able to make their broadband strategy clear'' at the meeting, said Squali. ''Cable is the long shot. I don't expect them to announce a cable deal. I don't think they're that far ahead.'' Dulles, Virginia-based AOL will probably discuss its other businesses, such as CompuServe and its international joint ventures, analysts said. AOL rose 10 7/8 to 136 1/8.