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: Hawk who wrote (7545)	2/11/1998 10:42:00 AM
From: Paul Merriwether	Read Replies (2) of 13594

I dont understand why they have bid up the stock so much. They just MET the expectations(low ones to be sure), have not defined a clear path for earnings growth(accordng to them the $2 rate hike does NOT help the bottom line). What justifies this current price? Maybe I am being egotistical, but I refuse to cover my short after these earnings! For those with a WSJ subscription: interactive.wsj.com AOL Profit Meets Analyst Targets; Company Announces Stock Split By REBECCA QUICK Staff Reporter of THE WALL STREET JOURNAL America Online Inc. reported strong fiscal second-quarter earnings, meeting analysts' expectations, as revenue rose 45% from growth in both subscriber fees and other sources. The company also announced a 2-for-1 stock split. Net income at the nation's largest on-line service rose to $20.8 million in the quarter ended Dec. 31. AOL posted a loss of $129.18 million in the year-earlier quarter due in part to one-time charges and refunds it paid to disgruntled customers.

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