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Technology Stocks : America On-Line (AOL)
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To: Ed Forrest who wrote (25153)7/8/1999 9:04:00 AM
From: Tom Tallant  Read Replies (1) of 41369
 
My apology to Ed and thread if this has been posted...

Strategic Alliances Pump Up Valuations
By Dean Tomasula

Looking for a play in Internet stocks? Analysts and investment banks contributing research to Multex.com have identified the most followed companies this week in The Internet Analyst's universe of 150 stocks:

AMERICA ONLINE (AOL): Dain Rauscher Wessels said AMERICA ONLINE's recent announcement that it would form a strategic alliance with low-cost PC manufacturer eMachines and offer a $400 rebate toward a PC purchase, in exchange for a three-year CompuServe subscription, signal's the firm's move toward a cellular subscription model that offers free hardware for service. The brokerage rated the company's shares a STRONG BUY-AGGRESSIVE and has a price target of $165 on the stock. The brokerage also said the alliance between the two companies will help AMERICA ONLINE fend off competition from companies such as DELL COMPUTER (DELL) and GATEWAY 2000 (GTW), which are entering the market through mergers with Internet Service Providers. The deal also is expected to be the first of many similar ones for AMERICA ONLINE, Dain Rauscher Wessels said. Shares of AMERICA ONLINE were trading at $123.31 at mid-day July 6. The brokerage forecasts EPS of $0.33 for FY99 and EPS of $0,56 for FY00. There were 85 new reports added to the Multex.com database last week about AMERICA ONLINE. In June, reports about the company were accessed 800 times.


Regards,
Tom
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