COMPUSERVE: ANOTHER NET LOSS
COMPUSERVE DIALED UP more bad news for investors. The second-largest online service warned that its loss for the quarter ending Oct. 31 would total up to 27 cents a share--almost double what analysts had expected. The company blamed the results on delays in shipping the latest version of its software, which it hopes will help break the stagnation in its subscriber growth. While the number of Internet users doubles annually, Compu-Serve's membership has remained at just above three million for several months.
EDITED BY KEITH H. HAMMONDS
Updated June 14, 1997 by bwwebmaster
Copyright 1996, Bloomberg L.P.