AOL Time Warner shares slump

AOL Time Warner shares slump
New York Times story.

“AOL Time Warner’s stock has plunged 10 percent over the last two days, as investors have grown concerned about the company’s balance sheet, turmoil in its Internet unit and stock sales by a big shareholder.

The stock closed yesterday at $19.60 in heavy trading, piercing the $20 mark for the first time since late 1998, more than a year before AOL announced plans to acquire Time Warner.”

From Gerry McGovern’s weekly newsletter

Customer: “I’d like to buy the Internet. Do you know how much it is?”
Customer: “How much does it cost to have the Internet installed?”
Customer: “Can you copy the Internet for me on this diskette?”
Customer: “I would like an Internet please.”
Customer: “I just got your Internet in the mail today…”
Customer: “I just downloaded the Internet. How do I use it?”
Customer: “I don’t have a computer at home. Is the Internet available in book form?”
Customer: “Will the Internet be open on Memorial Day tomorrow?”
Customer: “Are you sure that the Internet isn’t closed for the night?”

Says Gerry: “These are all supposedly real quotes from real people, taken from a website called Computer Stupidities. If you think the people who said these things are really stupid, then you shouldn’t be designing websites.”

I am reminded of Homer Simpson’s celebrated observation that “they’ve got the Internet on computers now”. Or of the Dublin lady I once overheard boasting that her husband’s new Volvo was fitted with “a cataclysmic convertor”.