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Well.. AOL isn't much of an internet service provider but they are
masterminds of signing people up for their propriatory service. When you
sign on AOL, you are *not* on the web or even the internet, you are on an
AOL owned server connected to other AOL servers and they have no
competition there. Most people who use AOL, think they are on the Internet
but are, in fact, on the above system of sites that AOL provides. You can
get to the *real* internet but you get there with AOL limits and censorship.
Now, as to Iridium, that was a project that didn't go to hell, it never got
off the ground. Originally, an all Motorola project, they decided to take
on RBOC's to share the expenses and convince T that they shouldn't go ahead
with a mirror project. Well, whoever thought people were going to line up
to pay $3,500 for a phone and $3 per minute to use it, needs professional
care. Particularly when cell phones are free and the service isn't far
behind.
The stock price on AOL is, of course, way out of line. If AOL is worth
$90, LU is worth $400 minimum.
Bob
At 06:27 PM 9/16/99 -0700, Kohath wrote:
>No one knows if AOL is going to go back up, or go on down, but, one thing is
>for sure, the stock is WAY over priced, even now, after a 50% correction,
>competition is heating up, what with more and more ISP's around, and, the
>fact is, AOL is probably one of the worst ISP's one can be on (no offense to
>u people using it). I tried it once, and could not believe how rediculusly
>slow everything was while using it. As more and more people wake up to the
>fact that AOL is not the only ISP around, it will probably slip farther and
>farther down. Kind of like what happened to IRIDIUM. Way overpriced for
>the service it was providing. Especially if more ISP's start GIVING away
>their service! I would submit a reasonable price for the stock should be
>about $15 or so, maybe a little less.
>Matt
>
>----- Original Message -----
>From: R.E.Turner <r_e_turner@xxxxxxxxxxx>
>To: Kohath <kohath@xxxxxxxxxxxxx>; <realtraders@xxxxxxxxxxxx>
>Sent: Thursday, September 16, 1999 2:42 PM
>Subject: Re: Aol - Going Down?
>
>
>> There could be a retest of the July low for AOL. One black weekly
>> candlestick doesn't really seem to mean much except another buying
>> opportunity. Though your money might be tied up until November. If it
>was
>> the third "crow" in the three black crows pattern then AOL might be a good
>> short, but too risky at this point. So it seems every point or so down,
>> more weak hands are being bought out and eventually the stock will have no
>> place to go but up.
>>
>> Russ
>
>
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