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: H James Morris who wrote (10204)	6/8/1998 1:48:00 PM
From: Mike Hagerty	Read Replies (1) of 13594

from S&P /8/98 9:20 am... STILL HOLD AMERICA ONLINE (AOL 83***)... AOL agrees to acquire Mirabilis Ltd. for $287 mln. cash... To take substantial portion of purchase price as in-process R&D charge in Q4 FY 98 (June)... Israeli company Mirabilis runs instant online chat network for 12 mln. users worldwide... 60% of users located outside U.S., giving AOL access to broader set of customers... AOL also neutralizes only major competitor to its own instant message network, AOL Buddy List, which has 30 mln. users... Shares of dominant online service provider AOL still richly valued at 72 times our $1.15 calendar '99 EPS estimate. /A.Tuncer

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