PC companies and Bells to petition U.S
Article Abstract:
An alliance of PC and local-telephone giants are planning today to ask the FCC to relax restrictions which they say are hindering their efforts to provide advanced data systems. Executive insiders say the group consists of Microsoft, Intel, Compaq, Gateway, the Bell local phone companies and GTE. The group's two-fold request will ask the FCC to ease many local-telephone access rules regulated by Telecommunications Act of 1996, as well as seek exemptions from rules that prohibit the Bells from participating in the long-distance business. Such incentives would enable the companies to save billions of dollars for investment in affordable, corporate-level Internet access for residential customers. The companies will request special FCC permission to obtain proprietary rights to their own advanced Internet communications equipment, while the Telecommunications Act forces local phone carriers to sell network access to competitors.
Publication Name: The New York Times
Subject: Business, general
ISSN: 0362-4331
Year: 1998
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America Online reports operating profit in quarter; but, citing S.E.C. talks, it posts net loss
Article Abstract:
AOL has reported fourth qtr earnings for 1997 from operations that were greater than analysts had expected. The company also reported a net loss during the quarter. The Securities and Exchange Commission has raised questions about AOL's accounting procedures and the company had to restate its finical reports for the third quarter of 1997 and take a $385 million charge against its earnings in Nov of 1996. Aside from special charges, AOL earned nine cents a share, or $10.9 million, in the fourth qtr of 1997, compared to the 14 cents a share, or $16.1 million earned in the fourth qtr of 1996. AOL's revenue from advertising, marketing and sources other than subscribers rose to $90.1 million, almost tripple the $31.3 million reported in 1996.
Publication Name: The New York Times
Subject: Business, general
ISSN: 0362-4331
Year: 1997
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On-line ire still directed at company
Article Abstract:
Many customers of America Online (AOL) are unhappy with the refunds that the company has agreed to pay out to those who spent less than two hours a month online. Subscribers complained that individuals who tried the hardest to get online are being punished by not receiving a refund, and that those who suffered the most, losing time and business could never be compensated. AOL has said it will address the congestion problems and spend $350 million to fix it, and promises the problems will be resolved by June 1997. While the agreement reached by several state attorneys general and AOL is seen as an insult and affront to many of AOL's subscribers, AOL chmn Stephen M. Case claims to be receiving positive feedback from members.
Publication Name: The New York Times
Subject: Business, general
ISSN: 0362-4331
Year: 1997
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- Abstracts: Latest cyberdeal seems to have room for two winners. America Online reports good quarter and new members
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