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Technology Stocks : America On-Line: will it survive ...?
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To: yard_man who wrote (6100)11/26/1997 7:50:00 PM
From: mike smith  Read Replies (2) of 13594
 
No, I think AOL is over-valued. It should trade in the $30 - $40 range until some big profits start to materialize. Not sure how long it can hang around the $70s for (not too much longer I suspect). I think the big question is: Can they make some $$$ through on-line advertising? So far, they are not meeting expectations. Additionally, people are not comfortable shopping on-line, only 4% - 6% of all internet users have made a purchase on-line. All that being said, the interet still offers huge potential.
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