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Technology Stocks : America On-Line: will it survive ...?
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To: Joel Sternberg who wrote (2960)5/2/1997 3:45:00 PM
From: WryBoy   of 13594
 
Here is today's AOL blurb from briefing.com:

"Cowen & Co. reiterated strong buy rating on AOL... Feels AOL
could surprise street with its earnings Monday by reporting a
number between break even and a $0.03 loss... Street currently
expects the company to post a loss of $0.10... Of course, such
a statement simply raised the threshold of acceptability for
AOL's report, as now an as expected number is likely to be
treated as a disappointment... I don't want to get off on a
rant here, but the bigger question is why the stock trades at
such outrageous valuations to begin with given the total lack
of earnings visibility despite the significant jump in its
(incredibly patient) user base... But in the words of
Dennis Miller, that's just my opinion, I could be wrong."

We'll see what happens Monday.
Overall market was very strong today.

Nice weekend all.

Phil
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