America On-Line (AOL) Message Board

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Technology Stocks : America On-Line (AOL)

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To: Frank Ellis Morris who wrote (21733)	6/13/1999 9:19:00 PM
From: Ed Forrest	Read Replies (1) of 41369

>I hate that Merrill Lynch downgraded AOL when is was already under selling pressure. Merrill should downgrade themselves since their stock is not doing that great either? < Merrill did not downgrade AOL.This is what was said: >Shares of AOL dropped 5 1/2 to to 105 1/2 on Thursday. One of the reasons for the stock's decline: Merrill Lynch Internet analyst Henry Blodget said he expected AOL subscriber growth for the June quarter to come in at "the low end of guidance range, which was 750,000-850,000." Commenting in a research note, the analyst didn't change his revenue or earnings per share estimates, but added that "we do not see any major catalysts for AOL's stock until the fall." See related story.< Ed Forrest

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