America On-Line: will it survive ...? Message Board

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

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To: craig crawford who wrote (7448)	2/10/1998 4:55:00 PM
From: Jacky AY	of 13594

In case anyone is interested, Briefing.com last night reported America Online wowed the street, gaining 12 points in very heavy trading... The impetus for the advance - company announced that it will raise access fees for unlimited usage by $2.00 to $21.95... Management convinced that price hike won't result in mass defections... AOL also announced that it was slashing jobs at recently acquired CompuServe unit by 50%... Job cuts and price hikes - two ways to the street's heart... Cowen & Co. quickly raised price target from 105 to 150... Look for company to remain in the news as it is scheduled to report earnings after today's close... According to Zack's consensus estimate equals $0.16... Given stock's strong gains in recent days, anything less than $0.18 likely to be used as excuse to take profits... Not that anyone cares, but stock trades at 122x estimated earnings, 6.7x sales and 86x cash flow.

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