AOL Expands HP Pact, Beats Growth Estimates
- Share via
America Online Inc. said worldwide membership in its flagship Internet service has surpassed 30 million, beating most analysts’ estimates for growth, and it has expanded a marketing and technology pact with computer and printer maker Hewlett-Packard Co.
AOL, a unit of AOL Time Warner Inc., said its subscription base has doubled over the last 2 1/2 years. AOL raised the price for its flagship service to $23.90 a month from $21.95 in May.
As part of the multimillion-dollar pact with Hewlett-Packard, AOL will use a range of Hewlett-Packard’s computing system products and storage support services.
Hewlett-Packard also will market its products across several of AOL’s interactive brands as part of the 18-month pact.
On the NYSE, AOL Time Warner fell 10 cents to $53, and Hewlett-Packard rose 49 cents to $26.86.
