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Technology Stocks : America On-Line: will it survive ...?
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To: Sam who wrote (5131)10/20/1997 3:52:00 PM
From: Tim Kenney   of 13594
 
Those would be the dubious companies, among others. They only exist because of an irrational exuberant market where institutional investors flip IPO's and retail snooks buy the flip. The US in experiencing an equity financed wave of overinvestment in which companies that have no reason for being crap up all over the place. Within ten years, most of them won't be around, and as AOL depends so heavily upon these schlocky companies, they will feel the fall-out.
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