Gary Poster, with essential assists from Galyn Norwood, Phiroon Phihakendr, Jose Quijada, Pavandeep Kalra. But the long-suffering stock saw a healthy gain after announcing quarterly earnings on Monday that were something less than mediocre. And company executives went on to sketch an outlook for 2001 even gloomier than most were anticipating. Investors today are banking on CEO Mike Armstrong's dramatic restructuring plan, which will unleash four independent companies. Management expects this growth to continue, with revenue increasing 30 to 35 percent this year.
Some analysts think that's a sweet deal.
But I'm not sure that it makes sense to go either route. And even a quick glance at Usenet newsgroups suggest my experience is hardly atypical. It's hard to see how the company can add new subscribers at a healthy clip if it can't take care of the ones it already has. Sign up to receive Tech Investor delivered by e-mail twice weekly. Time Inc. All rights reserved.