America On-Line (AOL) Message Board

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Technology Stocks : America On-Line (AOL)

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To: BigDaddyMac who wrote (20785)	6/7/1999 7:08:00 PM
From: avanti77	Read Replies (1) of 41369

This perspective might help: BancBoston Robertson Stephen kicked off the buoyant mood by reiterating a "strong buy" rating for shares of America Online (AOL: news, msgs). Analyst Keith Benjamin said a court ruling Friday that requires AT&T (T: news, msgs) to open up its cable system to rival Internet service providers will help the online giant. "At a minimum, we believe this type of ruling helps AOL's cause in the event of negotiations with AT&T, which we believe will happen eventually," Benjamin said in a research note. AOL shares were volatile, following gains of 10 percent Friday after the judge's ruling in a Portland, Ore., case. The shares surged to 120 1/2 in early trading but then fell back as AT&T vowed to fight the ruling. The online service ended the day down 3 1/2 to 114 1/2 on heavy volume of 22 million shares. Full article at: cbsmarketwatch.com

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