Does this mean our ever growing collection of web access cd roms will be stunted?
Published: Monday, July 10, 2006
Finally a light at the end of the tunnel. AOL Chief Jon Miller says his company will turn away from focusing on internet access and focus on free web services, you know, what all the other web companies have been doing. Just when our collection of free trial cd roms was about to top the 100 mark AOL decides to stop. However we are sure we will still get some remnants.In two weeks, the board of Time Warner Inc., which owns AOL, will hear a proposal from Jonathan Miller, AOL's chief executive, calling for a near halt in marketing for AOL's 17-year-old Internet access service, price cuts for existing customers and thousands of layoffs. His goal is to devote all of AOL's energy into building its free Web-based services. Traditionally, when companies have profitable but shrinking businesses, like AOL's access service, they try to milk as much money as they can from them without investing new cash. Indeed, that is what Mr. Miller has tried to do for the last several years. Damn. The unemployment lines are about to get longer. read... |



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