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Technology Stocks : juno.com (JWEB)----IPO

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To: Lucky888 who wrote (130)	6/24/1999 5:35:00 PM
From: Frank Perlmutter	Read Replies (2) of 510

Full Story and Reasoning of PaineWebber analyst--- I think this one is going to explode-- watch out on that short-- I'm liking Juno a whole lot! Juno Online's Shares Surge On Rumors AOL Could Be A Suitor PALO ALTO, Calif. -- Shares of Juno Online Services Inc. rose sharply Thursday on what investment columnist Dan Dorfman said is market talk that America Online Inc. is interested in taking over Juno. The stock (JWEB) rose $4.125, or 23%, to close at $22.188 on volume of over 6.4 million. A Juno spokeswoman declined to comment on the acquisition rumors and the company's stock movement. America Online (AOL) wasn't immediately available for comment. Dorfman said in his Streetside column on the JagNotes Web site that Juno's stock is rising because of rumors AOL may buy the online-services company. Juno is best-known for its free, basic electronic-mail service, which has drawn more than 6.8 million subscribers since it was launched in 1996. The company has moved into offering fee-based services as well, including full access to the Internet. The company has a little over 200,000 billable customers currently and sees that number rising to 1.5 million by the end of 2000. AOL has 17 million paying subscribers to its core online service and another two million paying members of its CompuServe unit. PaineWebber Inc. analyst James Preissler said an alliance of Juno and AOL would make sense. "The two companies are targeting the same audience," he said, meaning the mass consumer audience. Juno has been able to attract many first-time Internet users with its free e-mail service, and keep them as it grows also as an Internet service provider. These are attractive attributes to AOL, Preissler said.

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