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Technology Stocks : America On-Line (AOL)
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To: Craig A who wrote (20686)6/7/1999 12:11:00 PM
From: Steve Robinett  Read Replies (1) of 41369
 
Craig,
You comment on AOL's tepid performance today that Perhaps the ruling was not enough to get the institutions' interest level up.

Sounds right to me. If the ruling had completely swept aside any barriers to AOL hitch-hiking on everybody's cable systems, rather than just allowing one city to insist on open cable access as a conditon of doing business, I suspect the reaction would have been more positive. I thought AOL would at least get into the low 120s. If volume stays puny and price stays weak, I'd guess AOL is going back to the mid-90s.
Best,
--Steve
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