The ISP business by itself is hard to sustain. Only AOL is highly profitable. The days of the traditional ISP with access fees as their only revenue stream are over.
The ISP business by itself is hard to sustain, ... Only AOL is highly profitable. The days of the traditional ISP with access fees as their only revenue stream are over.
I think they are beating Barnes and Noble to the punch in many cases, but they shouldn't be worth six or seven times Barnes and Noble. That's where rationality has divorced itself from the stock market.
Access itself is a commodity, so any competitors that set a lower price, everyone else has to match, or they're essentially out of the consumer Internet business.