America On-Line: will it survive ...? Message Board

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Technology Stocks : America On-Line: will it survive ...?

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To: James F. Hopkins who wrote (3036)	5/7/1997 1:07:00 AM
From: chenys	of 13594

Jim: Thought you'd like this one. businessweek.com BUSINESS WEEK ONLINE NEWS FLASH! May 6, 1997 Edited by Douglas Harbrecht EARLY BUYERS SCORED ON AOL'S EARNINGS JUMP Did America Online Inc.'s good news leak? AOL shares soared 9% on May 5, up $4 1/4, to close at $51 1/2 before the company announced it had finally moved out of the red. AOL, which had been expected to post a small loss for the quarter ending Mar. 31, instead announced that it had earned $2.6 million on sales of $456.2 million. The profit came thanks in large part to a reduction in marketing expenses. This was the first full quarter in which AOL offered unlimited $19.95 per month pricing and included additional costs for building out the company's network. AOL Chairman and CEO Stephen M. Case says the stock move was probably due to a combination of factors including a positive analyst's report from Hambrecht & Quist and a strong surge in the stock market in general. Says Case: "It's hard to attribute it to any one thing." By Amy Barrett in Washington

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