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Technology Stocks : America On-Line (AOL)
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To: cody andre who wrote (41050)4/24/2002 8:05:45 AM
From: JakeStraw   of 41369
 
Lehman Brothers still cool towards AOL Time Warner in advance of
earnings report

Analyst Holly Becker reiterates a "market perform" rating on the
Internet and media giant as she previews its first-quarter
earnings announcement slated for Wednesday afternoon. Becker
expects the firm to meet its projection of flat revenue and
earnings before interest, taxes, depreciation and amortization
(EBITDA). But she predicts the results will be of "low quality,"
with weakness in the AOL division. The company's growth story
"has been put on hold," she argues. Growth investors are
questioning their holdings in the firm, Becker says, and the
shares remain expensive for value investors.
clickthru.online.com
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