Please ensure Javascript is enabled for purposes of website accessibility

AOL Aims at Business

By Alyce Lomax – Updated Nov 16, 2016 at 5:05PM

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

AIM provides a meeting venue that skips the doughnuts and the handshakes.

Though there may be many people out there who think of instant messaging (IM) as a toy for teens, the truth is it has become an important tool for adults as well, both for social chatting as well as work-related discourse. Today, Time Warner's (NYSE:TWX) America Online unit, which offers the most popular instant messenger client, AIM, said it has teamed up with several companies to offer a more business-friendly version of the software.

AOL has enlisted the services of WebEx Communications (NASDAQ:WEBX) and Lightbridge (NASDAQ:LTBG) to bring us AIM Business Services, which will allow users to fire up conference calls and Web meetings via AIM, as well as share data and information. The service is available as a corporate subscription or on a pay-as-you-go basis.

In recent history, Fool contributors Tim Beyers and Mark Mahorney have commented on instant messaging in a business setting. It doesn't hurt to mention, as they did, that IBM (NYSE:IBM) already has major penetration in business messaging with its Lotus product, which includes NotesBuddy (an integration of email and IM capabilities), or that Yahoo! (NASDAQ:YHOO) has a similar deal with WebEx for videoconferencing for its messaging application. Of course, Microsoft (NASDAQ:MSFT) has set its sights on corporate messaging too.

It appears that 14 million of us use AIM at work, though some companies still frown on IM. According to International Data Corp., 22 million of a total of 188 million IM users use the technology at work. I have no doubt that many people use it for work-related functions -- I've had several jobs in which IM was perfect for those quick questions that just don't warrant a phone call, email, or the time and energy it takes for a trip down the hall. However, I do question whether the lion's share of current corporate IM traffic is really for work-related communications.

In addition, while this may be a solid way for AOL to finally get some users to pay money for what has been a popular and free program, I wonder if one of the barriers to widespread corporate adoption is the lack of compatibility among the major IM clients.

For such souped-up IM to work for true business wheeling and dealing, compatibility is key, not sitting behind the walls created by incompatible programs. Most of us would rather stick with the IM client that holds the critical mass of our friends, co-workers, and business contacts. AOL may be making strides in offering important value-added services for the business users it already has, but when it comes to the big picture, there are still obstacles to takeoff.

For more in-depth thoughts on technology, corporate messaging, and conferencing, check out the following articles:

Time Warner is a Motley Fool Stock Advisorpick. What else is on the list? Get your subscription today.

Alyce Lomax does not own shares of any of the companies mentioned. She is much more likely to use AIM than the phone for catching up with friends.

None

Invest Smarter with The Motley Fool

Join Over 1 Million Premium Members Receiving…

  • New Stock Picks Each Month
  • Detailed Analysis of Companies
  • Model Portfolios
  • Live Streaming During Market Hours
  • And Much More
Get Started Now

Stocks Mentioned

Microsoft Corporation Stock Quote
Microsoft Corporation
MSFT
$237.45 (-0.20%) $0.47
International Business Machines Corporation Stock Quote
International Business Machines Corporation
IBM
$122.01 (-0.57%) $0.70
Time Warner Inc. Stock Quote
Time Warner Inc.
TWX

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

Related Articles

Motley Fool Returns

Motley Fool Stock Advisor

Market-beating stocks from our award-winning analyst team.

Stock Advisor Returns
329%
 
S&P 500 Returns
106%

Calculated by average return of all stock recommendations since inception of the Stock Advisor service in February of 2002. Returns as of 09/26/2022.

Discounted offers are only available to new members. Stock Advisor list price is $199 per year.

Premium Investing Services

Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.