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Politics : Idea Of The Day
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To: vish ramamurthy who wrote (30409)1/10/2000 2:57:00 PM
From: MeDroogies   of 50167
 
AOL will continue, in its new form, to represent the future of media. As such, it will be a media company. It will not have the high PE that the YHOO's of the world have, because it is now established. YHOO's high PE is a result of overexuberance on the part of investors. It is unsustainable. In order for YHOO to command this level, it will have to triple earnings this year, which it won't. I see YHOO tracing back and eventually finding their own merger partner.

That said, continue to hold your AOL....it should double again in another year or two as it challenges MSFT for the top spot. Media is now pre-eminent to software.
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