| | Business Summary | | America
Online,
Inc.,
founded
in
1985
and
based
in
Dulles,
Virginia,
is
the
world's
leader
in
interactive
services,
Web
brands,
Internet
technologies,
and
e-commerce
services.
America
Online,
Inc.
operates
two
worldwide
Internet
services:
America
Online,
with
more
than
20
million
members,
and
CompuServe,
with
more
than
2.2
million
members;
several
leading
Internet
brands
including
ICQ,
AOL
Instant
Messenger
and
Digital
City,
Inc.;
the
Netscape
Netcenter
and
AOL.COM
portals;
the
Netscape
Navigator
and
Communicator
browsers;
AOL
MovieFone,
the
nation's
#
1
movie
listing
guide
and
ticketing
service;
and
Spinner
Networks
and
NullSoft,
Inc.,
leaders
in
Internet
music.
Through
its
strategic
alliance
with
Sun
Microsystems,
the
Company
develops
and
offers
easy-to-deploy,
end-to-end
e-commerce
and
enterprise
solutions
for
companies
operating
in
the
Net
Economy.
The
Company's
3
product
groups
are
AOL
Interactive
Services,
CompuServe
Interactive
Services
and
AOL
Studios,
and
AOL
International. | | Financial Summary | | America
Online
provides
interactive
services,
Web
brands,
Internet
technologies
and
e-commerce
services.
AOL
operates
two
worldwide
Internet
services,
America
Online
and
CompuServe,
and
several
Internet
brands.
For
the
six
months
ended
12/99,
revenues
rose
44%
to
$3.09
billion.
Net
income
totalled
$455
million,
up
from
$191
million.
Revenues
reflect
the
growth
in
the
number
of
subscribers.
Earnings
reflect
a
decrease
in
network
costs
and
sales
expenses
as
a
%
of
revenue. | | | | FY1999
Compensation | | Pay | Exer | |
| Stephen Case, 41 Chairman,
CEO | $1.6M | $115.5M | Kenneth Novack, 58 Vice
Chairman | 756K | 1.5M | Robert Pittman, 45 Pres,
COO | 1.7M | 21.7M | J. Kelly, 43 Sr.
VP, CFO, and Assistant Sec. | 6.6M | -- | Miles Gilburne, 48 Sr.
VP, Corp. Devel., Director | -- | -- | | Dollar
amounts are as of 30-June-1999 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
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