AOL TO ADD 50,000 MODEMS TO SERVICE.Byline: Steve v. t. 1. To pack or stow, as cargo in a ship's hold. See Steeve. Lohr The New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of Times America Online See AOL. Inc. said Thursday that it would add 50,000 more computer modems to its on-line service, giving its frustrated frus·trate tr.v. frus·trat·ed, frus·trat·ing, frus·trates 1. a. To prevent from accomplishing a purpose or fulfilling a desire; thwart: customers more gateways to get through to the dial-up service. The extra modems will increase America Online's daily capacity by 60 percent, two months ahead of its previously announced timetable. America Online Chairman Stephen Case said the new modems, leased from other companies, should ``significantly cut down'' on the recent problems experienced by thousands of the company's subscribers. Often, America Online customers have gotten only busy signals recently when trying to get connected to the service. The company, based in Dulles, Va., announced its accelerated plan for easing its service problems as it reported financial results for the quarter ended Dec. 31. The fast-growing on-line service reported that its revenue had risen 64 percent compared with the year-earlier quarter, to $409.4 million. But America Online's bid for growth has once again proved to be costly. The company posted a quarterly loss of $154.8 million, or $1.64 a share. The loss comes after a quarter, ending in October, when the company lost $353.7 million, or $3.80 a share. In the latest quarter, the loss was mainly attributed to one-time charges for operations and closed offices, employees laid off and outdated out·dat·ed adj. Out-of-date; old-fashioned. outdated Adjective old-fashioned or obsolete Adj. 1. marketing materials. Excluding the nonrecurring charges Nonrecurring Charge An expense occurring only once on a company's financial statement. Notes: An extraordinary item is an example of a nonrecurring charge. Also known as "nonrecurring item". , the company still lost money for the quarter. The level of the loss was essentially in line with analyst expectations, and not a surprise. America Online posted its results after the stock market closed Thursday. During the day's trading session, AOL's stock price closed unchanged at $38.125 a share. |
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