1) HE left out NETSCAPE, ICQ and other AOL investments
2) AOL service provides AOL channels for non-techy members plus provides internet connection for techies who can use their choice of browser outside AOL channels windows. AOL is for all family members from techy children to non-techy momies. AOL PROVIDES NEED OF EVERY MEMBER OF A FAMILY.
3) AOL'S E-COMMERCE is going to boom because people are not going give away credit card #'S to each and every website. They'll be comfortable with Shopping at AOL who already has credit card information.
... here's a meely mouthed, please-excuse-me-if-i-offend, whiney little asswipe, who presumeably gets PAID for etching such limp-wristed dribble (which, unfortunately gives pause to past respect for M-Fools), ACTUALLY APOLOGIZING FOR MSFT ... DO YOU HEAR THAT BILLY, THE MOTLEY LIMPS ARE SAYING "ARE NOT" TO CASE'S CLAIMS ... DOES MSFT NEED DEFENDING FROM THIS MARAUDING APE ?? ... HA HA TIME TO DIE TCI ... thanks Mike, you're the greatest man !