As the market remained roughly unchanged in the
month ending January 15, 2002, ISP stocks were roughly unchanged as well,
as the restructuring of Motient appeared to cause little concern as subscribers
were not affected.
ISP-Planet Staff [January 17, 2002]
Subscriber values were largely unchanged as the market remained roughly flat
over the past month ending January 15 (Dow 10,000, Nasdaq 2,000, and S&P
1150). Although there have been many mergers and acquisitions in the ISP space
recently, they did not affect the stock value of companies we follow. One exception
was Motient, which filed for Chapter 11 bankruptcy but expects its business
to continue without interruption and expects to exit bankruptcy quite soon,
perhaps even within a month.
Values reflect market close on January 15, 2002.
ISP Subscriber Value:
$888
Stock Symbol
ISP
Value
per subscriber
Market Cap
(millions)
Number
of subscribers
[AOL]
AOL
$3,864
$132,932
34,400,000
[ELNK]
Earthlink
$353
$1,730
4,900,000
[UNTD]
United Online
$164
$205
1,250,000
[LOAX]
Log On America
$30
$0.9
30,000
[GEEK]
Internet America
$30
$4.5
148,000
AOL subscriber
numbers include RoadRunner and CompuServe.
Juno and
NetZero have merged
into United Online. We report only paying subscribers for the merged company.
Prodigy
has been bought out by SBC.
EarthLink
includes 172,000 webhosting accounts in its subscriber numbers.
ISP subscriber
values without AOL would average $144 per subscriber.
Cable ISP Subscriber Value:
$324
Stock Symbol
ISP
Value
per subscriber
Market Cap
(millions)
Number
of subscribers
[RCNC]
RCN
$482
$236
489,291
[HSAC]
High Speed Access
$165
$33
200,000
RCN subscriber
numbers include subscribers to the StarPower joint venture
(a joint venture with Pepco Communications, L.L.C., a utility's subsidiary).
RCN's subscriber totals dropped, and only 104,359 of the total are high-speedthe
rest are dialup customersbut the broadband business increased from 90,225
subscribers in the previous quarter. RCN's retired a significant amount of debt.
High Speed
Access reported a dramatic increase in subscribers, but is selling 95 percent
of its infrastrcture to cable company Charter Communications.
Mobile Wireless ISP Subscriber
Value: $950
Stock Symbol
ISP
Value
per subscriber
Market Cap
(millions)
Number
of subscribers
[GOAM]
GoAmerica
$950
$103
108,446
GoAmerica
continued to do well on various positive news items including a deal with IBM
Global Services.
Motient
filed for Chapter 11, and will be added back to the chart when restructuring
ends, which should be soon.