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EarthLink Profits Off Dial-Up
10/29/2008
At a time when some providers are cutting jobs, one is reporting a profit. That’s not news, of course. The news is the profiteer in this case is dial-up dependent. EarthLink Inc. (ELNK) on Tuesday reported net income of $54.7 million. Compare that to a $79.4 million loss a year earlier and we have a winner. It didn’t hurt that EarthLink got out of muni Wi-Fi for good, and out from under the Helio venture. Just goes to prove that narrowing your business focus can make or break you.
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