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Technology Stocks : America On-Line: will it survive ...?
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To: Yogi - Paul who wrote (6188)12/5/1997 12:34:00 AM
From: jack rand  Read Replies (4) of 13594
 
>>Worldcom rumor?

Let's see. 3 months ago WCOM sold the CSi division of CSRV
to AOL for $100 per sub. The market then promptly valued those
subs at $1,000, raising AOL's market cap $2.6 billion.

So WCOM will buy back those subs for $900 more than it received.

Duh.

Obviously, WCOM three months ago didn't think consumer online
services is a business it wants to be in. Otherwise, it would have
kept CSi and beat the crap out of AOL with discount pricing.

Also: Borislow sez AOL sub growth 70% in 12 months.
He puts even the most obnoxiously gushing analyst to shame.
Should pay more attention to his own stock than to AOL's.
Looks like its headed down to $17.
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