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James Cramer manages a hedge fund and writes for thestreet.com His fund is long LU, CSCO, AOL, MSFT, INTC and JNPR. This column should not be construed as advice to buy or sell stocks
...fourth printing, The Perks of Being a Wallflower has developed a cult following since it was released in February. "It reminded me of me and my friends, totally and completely," a teen reader reported on an AOL message board. Said another: "I don't read books by choice too often, but I really loved this...
...AOL Europe, threatened by a no-fee rival called Freeserve that is now Britain's biggest Internet service provider, announced today that it will launch its own free service under the name Netscape Online. The move comes three weeks after America Online unveiled a promotion in the U.S. that effectively gives a free ? and perfectly good ? computer to anyone willing to commit to three years of monthly online service charges from subsidiary CompuServe...
...Subscription fees account for 85 percent of AOL's global revenue, but the high cost of local telephone calls ? metered by the minute in Britain ? make Internet access a more expensive proposition than in the U.S. Freeserve and 100-odd imitators hope to get a piece of the telephone charges (sometimes 60 percent of the total charges), in addition to revenues from advertising and e-commerce. MORE...
...over 6% last week, its highest level in more than a year, and could well stay there. Speculative stocks (and Internet defines the category) tend to get hard hit when higher rates threaten to slow the economy and the market. There are also basic questions about Internet bellwethers, including AOL (Will AT&T shut it out of cable access?) and Amazon (Can it reverse slowing revenue growth...