Marc: Cowen bought 100,000 share yesterday and reiterated strong buy this morning.
Goldman also shown own AOL(up 28%) on WSJ today, Money and Invest.
Jim: Do you know of any law officers? He has some business here.
Check these out:
(#1)
Thursday May 22 12:13 PM EDT
Cowen bullish on AOL ( America Online Inc ) analyst meeting
NEW YORK, May 22 (Reuter) - America Online Inc is hosting a two-day meeting with analysts next Wednesday and Thursday at its corporate headquarters and the
gathering could prove to be a catalyst for interest in the stock, Cowen & Co said.
Scott Reamer, a Cowen analyst, said he had reiterated a strong buy rating on AOL with a price target of $65 over 12 months.
Reamer speculated that at the meeting AOL might disclose some advertising or electronic commerce deals, such as its current deal with long-distance provider
Tel-Save Holdings Inc .
"The meeting could act as a catalyst for the stock," he said.
AOL will also demonstrate its new software at the meeting, he said.
"They will highlight the new AOL client, which we hear has a number of fantastic features," Reamer said, adding that some features include even more ease of use and
new ad areas.
AOL's new software is to be released sometime this summer.
AOL shares were up 1-3/4 to 51-1/2 in active trading at midday.
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(#2)
5/21/97 - Block trade - America Online Inc (AOL.N) - 100,000 (Load Date: 5/21/97)
t 50-1/2, up 1/2, crossed by Cowen & Co.
REUTER Rtr 11:52 05-21-97
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(#3)
5/22/97 - Block Trade - America Online Inc (AOL.N) 110,000 (Load Date: 5/22/97)
shrs at 51-1/4, down 1-1/8, crossed by Goldman Sachs.
REUTER Rtr 10:13 05-22-97
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(4)
5/05/97 - America Online Stock Up On 3Qtr Earnings Anticipation
NEW YORK CITY, NEW YORK, U.S.A., 1997 MAY 5 (Newsbytes) -- By Bob Woods. America Online [NYSE:AOL] stock was trading up
almost six percent on Wall Street early Monday afternoon, in anticipation of better than expected quarterly earnings and an upgrade from a major
investment house.
At 12:50 EDT, AOL was at $50, up $2.75. AOL is expected to release its earnings sometime Monday afternoon.
Hambrecht & Quist said Monday it initiated coverage of AOL with a buy rating, and estimated AOL"s loss on an operating basis at $0.05 per
share.
H&Q"s estimate beats First Call"s analyst forecast consensus of a $0.08 per share, which is a smaller than what AOL has reported in the two
previous quarters. The latest update to First Call"s estimate was April 28, Newsbytes notes.
Various analysts have been recently quoted as saying that if AOL were going to announce anything that would negatively impact the company,
such facts would already be public knowledge.
In the second quarter of this fiscal year, AOL recorded a $154.8 million or $1.64 per loss, due mainly to restructuring charges and refunds to
angry consumers who had not been able to log onto the service. AOL"s worst losses peaked at $3.80 per share in the first quarter of fiscal 1997.
Last month, AOL stock went up $1.50 after a Everen Securities analyst said he raised the firm"s earnings estimate on AOL to a loss of $0.10
from a loss of $0.15 (Newsbytes, Apr. 10, 1997) AOL"s early resumption of marketing efforts led to the change, the analyst at the firm said. The
analyst also said he believes an AOL merger with Compuserve is a distinct possibility.
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Washington, DC, MAY. 1 (The Content Factory) - The online service with more lives than a cat may be alive and well again. Thursday"s
Investor"s Business Daily reports executives at America Online are making confident-sounding statements that the worst is over. AOL networks
president Bob Pittman is quoted as saying, "We have clearly resolved the (capacity) issues from the dark days of January, and we"re making
great progress." Alan Braverman, an analyst with Credit Suisse First Boston in New York seems to share the enthusiasm, saying AOL has added
"a phenomenal number of users" since adding a flat-rate Internet access. Scott Reamer, an analyst at Cowen & Co. is also on the bus saying
"AOL has gotten beyond the access problems, and we expect profitability in the June quarter." On the other hand, however, a non-brokerage
house market researcher is cautious. Patrick Keane of Jupiter Communications Inc. says AOL still has technical problems to solve to deliver all
the service all the subscribers want. "The problems haven"t been mitigated," he says. More information is available on the World Wide Web at -0-
Copyright 1997 The Content Factory |
