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Technology Stocks : America On-Line: will it survive ...?
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To: Ashok V. Bankley who wrote (357)10/15/1996 7:20:00 PM
From: Bharat Bhatia   of 13594
 
I did hear a couple of days ago that Goldman Sachs were agressive buyers at 24.50 and trying to support the stock price. Issuing a buy would certainly suit them fine. Maybe we will hear on this in the morning. First it was Merril Lynch and now Goldman Sachs. Price competition initiated by MSFT is not factored into the stock price.
AOL has a very dim future. Price competition, -ve cash flow, accounting irregularities. Sooner or later the true colors of AOL will be in the open for everyone to see.
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