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Technology Stocks : America On-Line: will it survive ...?

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To: steve lipson who wrote (5678)11/8/1997 10:24:00 AM
From: Brent D. Beal   of 13594
 
I don't know if I expected it, but I hoped today would be the day. I think you misundertand how a downturn will come about. It probably won't be precipitated by any press conference by AOL admitting that their stock is absurdly overpriced. It is will simply be the realization that earnings of $.60 next year (maybe) just isn't enought to support the price. . .
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