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First, that America Online is only one part of AOL Time Warner, which continues to do well in its movie, music and other divisions "I'm expecting them to lay out a plan that might take three to four quarters to execute, and that at least initially will stabilize the business and get it back on the growth track for 2004," said Michael Gallant, an analyst at CIBC World Markets Corp , who expects cost-cutting and pullbacks in areas like marketing expenses to accomplish those goals "This is the first opportunity for the new management at AOL to talk about their plans and that's going to be important," said Phi Leigh, digital media analyst at Raymond James & Associates , another AOL Time Warner unit, about making Time's magazine content available exclusively on America Online, rather than the entire Internet And, second, that America Online is focusing on profitability, rather than costly growth strategies of questionable value â€â€? such as bombarding mailboxes with computer disks containing its products Miller, who was hired in August following a management shake-up, has had some contact with the investment community but so far offered few specifics Although the accounting issue is likely to be discussed, many on Wall Street feel that problem is already reflected in AOL Time Warner's stock price They say the company's bigger priority will likely be convincing investors that America Online is capable of making money in an environment where advertising and new subscribers are no longer reliable profit drivers " Analysts expect the update to focus on two messages Investors Anxiously Await AOL Plan Dec 3, 8:26 AM EST NEW YORK (AP) â€â€? After months of anxiety and speculation, AOL Time Warner investors hope to get some assurance on Tuesday that better times are ahead for the company's troubled online division And Miller's mission is to turn that around Miller, in his previous job at USA Interactive, oversaw Expedia com and other e-commerce operations, and many expect him to push similar initiatives at America Online That topic is likely to come up Tuesday, as well as questions about the profitability and viability of America Online's business model America Online is also expected to discuss efforts to make its content more unique, so that consumers have a reason to choose its service over competitors "America Online went from being the crown jewel of this company to the albatross In particular, analysts want to hear what America Online is doing to expand its high-speed, or broadband, business America Online offers broadband, but its product is pricier than others, and many investors are concerned the company is losing ground The bulk of America Online's members access the Internet via dial-up connections, but the growth prospects for that market is slowing as Internet users switch to broadband performance The stock is currently trading at more than $16 per share, after starting the year above $30 and then dipping below $10 The division is reportedly negotiating with Time Inc Wall Street will also hear for the first time from Jon Miller, the company's new chief executive America Online executives are scheduled to brief Wall Street on their plans, the first major, strategic update since news this summer the Justice Department and Securities and Exchange Commission were investigating the division's accounting practices E-commerce is another possible source of profits Oxman, the Jackson family friend, said he didn't know who would attend the Beverly Hills Hotel meeting or exactly what they would discuss 18 search of Jackson's Neverland Ranch Ali also said the fans would plan a protest against Santa Barbara District Attorney Thomas Sneddon, who brought the charges against Jackson Jackson's fan clubs plan to have groups of cars and buses travel to the courthouse in northern Santa Barbara County from areas including Los Angeles, Las Vegas, Orange County, Long Beach, Santa Monica, San Diego, Pasadena, Carson, Costa Mesa and Riverside, said Angel Howansky, a freelance publicist who is helping coordinate the event "There is to be a meeting of the brain trusts for Michael's management," Oxman said So the fan clubs decided that they would have caravans," said Howansky, who added that she was helping without pay They have not specified what it is or who is to be doing the speaking Geragos, the brother of Jackson attorney Mark Geragos, refused to talk to reporters as he rushed into the hotel The court date will also include a hearing for news organizations who are asking a judge to unseal documents related to the Nov The buses were anonymously donated by fans and were not provided by Jackson's family or legal teams, said Najee Ali, director of Project Islamic Hope The news organizations contend that the public was not adequately notified of a request by Jackson's attorney and Santa Barbara prosecutors to keep the search documents sealed, at least until the arraignment The singer's fans believe Sneddon has "a personal vendetta against Michael," Ali said But by 9:30 a m Fans Flock to Jackson's Arraignment Jan 12, 12:50 PM EST Hundreds of fans from around the world will converge on Santa Maria for Michael Jackson's arraignment on child molestation charges later this week, his family and friends said Monday "Rumors will be set to rest, and it's to explain how Michael is to handle further actions in connection with his business "We've had fans calling from out of state who are flying in just for the arraignment The documents include the search warrant, an affidavit in which authorities explained their reasons for seeking the warrant, and a list of items seized On another front, Jackson's legal and financial advisers were expected to meet Monday morning at the Beverly Hills Hotel to discuss the pop superstar's business affairs, according to Jackson family friend Brian Oxman, who said he learned details of the plans from Jackson's brother Randy " Jackson, 45, is charged with seven counts of performing lewd or lascivious acts upon a child under 14 and two counts of administering an intoxicating agent " Diana Dalo, an Italian fan, said fans are planning a "huge gathering" in Santa Maria over several days that will include people from Spain, France, England, Canada, Mexico and Japan, as well as from around the United States "My mother, father, sisters and brothers are overwhelmed at the outpouring of the fans in the USA He's free on $3 million bail pending his arraignment only one attorney, Matthew Geragos, had showed up "My brother is innocent, he is 1,000 percent innocent," his brother, Jermaine Jackson, said at a press conference and all around the world |
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