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Technology Stocks : America On-Line: will it survive ...?

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To: Zoltan! who wrote (146)9/17/1996 4:22:00 PM
From: Bharat Bhatia   of 13594
 
AOL balance sheet has always been full of gimmicks just like offering commisssion free stock. They are probably buying their own stock artificially making it look strong. Capitalizing marketing expenses is a joke. SEC should investigate into it. It's like recording estimated revenues of the future in the current period. AOL, MU, MOT are all being manipulated by special interests. These stocks don't deserve such high multiples. Fudamentals, don't mean a thing in this market.
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