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Technology Stocks : America On-Line: will it survive ...?
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To: richard price who wrote (3294)6/2/1997 2:31:00 PM
From: Todd Daniels   of 13594
 
>the market still has to grow. The questions is, can it happen now
>that the early adopters have adopted?

Good question.

But the main one is VALUATION. AOL is now at 67x FY98 concensus,
which itself is rosy.

In 1992 who would have believed that AOL could grow subs and
revenue more than 4,000% and still not make a profit!

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