Overture (OVER) formerly (GOTO) Message Board

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Technology Stocks : Overture (OVER) formerly (GOTO)

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To: Ron Mgrublian who started this subject	5/7/2002 11:37:03 AM
From: Ryan Bartholomew	Read Replies (3) of 429

Ok. It has hit the ridiculously-undervalued point again. I just leveraged with a huge position in 20-calls. Pessimistically they will pull about $1 per share... even with a P/E assuming little to no growth - 20 - the stock should trade at $20. I still maintain that earnings growth will continue to be phenomenal and that $2 per share for 2003 is still reasonable. While I am slightly less bullish than before, I still expect to see the 40s again before the end of the year. Google, by the way, is having trouble integrating with AOL. They were not ready to handle it... Overture was because of their experience. If you do some searches at AOL.com, you will notice that many high-bid terms (and all adult terms) are not showing up. This means that AOL is losing money hand-over-fist because of their foolish decision to dump Overture. Lessons will be learned and I don't think you will see too many other portals dumping Overture anytime soon. The lawsuit is another issue to consider, although that wont come into play for months or even years from now.

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