Prodigy is history

Tim Byars (
Wed, 08 May 1996 13:20:32 -0700

A person familiar with the agreement said that I.B.M. and Sears had
agreed to accept as little as $100 million for Prodigy, in effect
writing off
more than $1 billion they had invested in the on-line venture
during the last

The buyout, which had been rumored for months, comes as Prodigy's
in the on-line industry struggle to keep up with explosive growth.
Online Inc., which will announce its latest quarterly earnings on
Wednesday, has been adding nearly 300,000 subscribers a month. A
newer rival, the Microsoft Network, went on line in August and has
surpassed Prodigy in its subscription base.


** History 101** Hiroshima 45 - Chernoble 86 - Windows 95 -=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=- Pretty girls they love to see you shoot... Gang of 4 --{ }--