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Technology Stocks : America On-Line (AOL)
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To: Modano who started this subject1/4/2001 1:03:08 PM
From: Dave Gore  Read Replies (1) of 41369
 
(REUTERS) AOL, Time Warner shares jump 10 percent after slump
AOL, Time Warner shares jump 10 percent after slump

By Reshma Kapadia
NEW YORK, Jan 4 (Reuters) - After about a week of sinking
to new 52-week lows, shares of would-be merger partners America
Online Inc.<AOL.N> and Time Warner Inc.<TWX.N> rebounded more
than 10 percent Thursday as investors decided the shares were
undervalued.
"When you look at valuations, when (AOL) was trading below
30, it was below its growth rate. Even for a normal company,
this is an aberration and an established, bigger company should
trade at a premium. It was an undervalued stock," said Youssef
Squali, analyst at ING Barings.
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