Hector,
Andressen, Case, Pittman and several others--all selling. Add to that, a news trail that's starting to show lots of little negative AOL stories. For example, according to CBS MarketWatch, Henry Blodget, the Merrill Lynch analyst whose comments sent net stocks (including AOL) up earlier in the week may have been partly responsible for AOL drifting off yesterday while other Inets went up.
Shares of America Online (AOL: news, msgs) edged lower fractionally to 95 13/16 on Friday, down slightly for the week even though AOL said its worldwide subscriber base surpassed 18 million. But Merrill Lynch's Net guru Henry Blodget, in a note to clients Friday, said AOL's Web properties are still weak. AOL maintained the No. 1 position in reach but time and page views matter too, he said.
Blodget points out that the average AOL user spent 24 minutes on the site in the month of July. That's flat from the previous month and about half as much time spent on Yahoo and Microsoft.
cbs.marketwatch.com
Added together, it looks like the Chupacabra is on the prowl again.
Best,
--Steve |
