AOL net soars to $68 million, beats forecasts

Article Abstract:

America Online (AOL) says earnings for the 1st qtr, ended Sep 30, 1998, more than tripled, increasing to $68 million, or 26 cents a diluted share. The better-than-expected results compare with $19.2 million, or eight cents a diluted share, in the same period last year. Revenue is up 65 percent, to $858.1 million from $521.6 million. The company has also declared a two-for-one stock split. AOL's membership continues to grow: membership was 13.5 million at the quarter's end, up 900,000 compared with the previous quarter and up four million compared with last year. In spite of all the good news, problems loom on the company's horizon. For example, telephone companies and cable operations are entering the Internet industry. High-speed Internet access enabled via cable modems and digital telephone lines could represent ormidable competition.

United States, On-Line Information Services, Videotex & Teletext, America Online Inc., AOL, Online information services, Securities, Company sales/revenue, Company sales and earnings, Company earnings/profit, Company securities, Online information service

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Western Digital had $2.7 million loss in its 1st period due partly to weather

Article Abstract:

Western Digital Corp reports a net loss of $2.7 million (9 cents a share) for the company's 1st qtr, which ended Sep 30, 1989. A year ago, in the same period, the company earned $12.9 million (45 cents a share), on sales of $247 million. This year, sales were only about $225 million. Increased uses of graphics technology, a strengthened dollar and Hurricane Hugo are cited as reasons for the decline. Chmn Roger W. Johnson says he expects the company to be profitable in the current quarter.

Profits, Western Digital Corp., WDC, Computer Industry, Profit, Losses, First Quarter

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Research in Motion reports big gains in profit and revenue, meeting forecasts

Article Abstract:

Unlike rivals Palm Inc. and Handspring Inc., Waterloo, Ontario-based Research in Motion Ltd. posted profit and revenue gains and plans similar strength in the second half of the year. Its success during the slowdown may be due to the fact that its wireless hand-held BlackBerry device and service is marketed to corporate customers rather than the retail market. Net income was $3.8 million.

Canada, Wired Telecommunications Carriers, Electronic Mail Services, Hand-held computers, Handheld computers, Handheld data devices, Wireless communications, E-mail, Email, Wireless communication systems, Research in Motion Ltd., Hand-held data device

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