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Technology Stocks : America On-Line: will it survive ...?
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To: Harry Larson who wrote (4786)9/12/1997 2:48:00 PM
From: jack rand   of 13594
 
Certifiable mania --
Can find no press release. Just BN report below.

ONSL obviously is paying AOL. By same logic, announcements of
ad sale deals in traditional media should goose the stock of
the advertiser who is paying.

And with no $ amount stated, AOL, trading down 1/2 until BN report
is now up $1.5.($171 million in market cap) I'd guess ONSL is
paying no more than 7 figures a year, and probably no more than $2-$4m.

This is indeed certifiable mania.

-----------------------------

BN 9/12 Onsale Shares Rise on Prospects for Strong Internet Growth
Mountain View, California, Sept. 12 (Bloomberg) -- Onsale
Inc. shares rose as much as 32 percent amid optimism about the
Internet retailer's growth and marketing strategy.
Onsale shares rose 3 15/16 to 18 13/16 in midafternoon
trading of 180,800, about triple the three-month daily average of
60,600. Earlier the shares touched 19 5/8, their highest point
since the company went public in April for $6 a share.
Onsale signed an agreement to market its auction service on
America Online Inc. in a plan to reach more consumers by
advertising on popular online services and Internet directories.
``AOL is the first of several similar agreements we expect
to make,'' said Jerry Kaplan, Onsale's chief executive officer.
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