Compuserve is joining push to broaden Internet access; new service reaches beyond business users
Article Abstract:
CompuServe, hoping to attract consumers and compete with AT&T Worldnet Services and America Online in the Internet access market, is now offering an Internet access service. CompuServe's Sprynet service will cost $19.95 a month for unlimited Internet use from a local telephone number. CompuServe will block all access to sex-related sites, but it plans to make those sites available where access is allowed. The company blocks the sites in an effort to prevent a lawsuit from German prosecutors. AT&T Worldnet plans to offer customers Internet access by the middle of Apr 1996 and says it will pay for any costs related to credit card fraud rising out of buying services or products on the Internet. America Online says that it gained over 100,000 users for its Internet access service in the period between Dec 1995 and Feb 1996. The company has earnings of 10 cents a share for 1st qtr 1996 on income of $10.6 million, up from a $38.7 million loss in 1st qtr 1995.
Publication Name: The New York Times
Subject: Business, general
ISSN: 0362-4331
Year: 1996
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Yet again, Wall Street is charmed by the Internet
Article Abstract:
Lycos' initial public offering (IPO) of three million shares opened $13.25 higher than their initial price, as Wall Street once again provides substantial capital for a company with small revenues. Lycos stock closed at $21.9375 on Apr 2, 1996, down from its high of $29.25 but still 37% higher than the initial price. The company has approximately 13.6 million shares, including the 3 million from the IPO, giving it a market value of almost $300 million. Lycos earned revenues of only $1 million in each of the two fiscal quarters preceding the IPO, with 90% of that coming from the sale of advertising space on Lycos' World Wide Web search engine. Lycos plans to increase revenue by selling more advertising and by licensing its search engine to other Internet businesses. Analysts say Lycos offers good technology but warn that it does not have the name recognition of other search engines and faces increasing competition.
Publication Name: The New York Times
Subject: Business, general
ISSN: 0362-4331
Year: 1996
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Microsoft speeding its on-line service
Article Abstract:
Microsoft is defying the US Dept of Justice and says that not only will it include access to its Microsoft Network online information service with its forthcoming Windows 95 operating system, it will also include access to the Internet. The announcement of the new development is being made at the same time that the company is filing a brief that challenges the Justice Dept's request for information from Microsoft. The Justice Dept is challenging Microsoft's intention to include access to its online service in its operating system because the agency believes that the omnipresence of the company's operating system would give the company an unfair competitive advantage. Microsoft officials say that they are not competing with just the online service providers but also with cable television companies, telephone companies and a broad range of other companies.
Publication Name: The New York Times
Subject: Business, general
ISSN: 0362-4331
Year: 1995
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