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

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To: Richard Lyons who wrote (262)10/15/1996 12:41:00 AM
From: Duane L. Olson   of 13594
 
Rich,
Thinking you have it dead right. As a long-time AOL user, I've started noticing that I don't use it for much anymore. Have another service provider, and I almost always go straight to the Web. About my only use for AOL anymore is to go check for email for those who persist in using my address there, and I have an old portfolio listing of stocks that AOL prices out for me....out of laziness, I keep going back. Otherwise, what for AOL? Nada! I understand that AOL, in their current promotion will be paying about $240 per new subscriber. That has to add to the cash flow problem you mentioned. Just guessing, but I would bet the bottom is far below your 18 target...more like 7 or 8. I've been out of my long position for quite some time, and see no incentive to get back in. Cheers! OLE
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