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Technology Stocks : America On-Line: will it survive ...?
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To: chenys who wrote (3529)6/23/1997 5:31:00 PM
From: John Howell   of 13594
 
Q.Y,

Steve is not the only bear. I think the long term prospects for this company are very poor.

A lot of fund managers and individuals are willing to buy the stock here using the following reasons:

1. AOL is breaking new ground; normal business models don't apply.

2. Brand recognition.

3. Revenues from ads and on line ordering

4. It's easy to use

5. etc, etc.

I think people are missing the big picture. AOL is locked into old technology and a closed standard. The evolution of technology will eventually kill AOL.
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