America On-Line: will it survive ...? Message Board

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

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To: Bald Man from Mars who wrote (7149)	2/9/1998 3:04:00 PM
From: Paul Merriwether	Read Replies (1) of 13594

WSJ just reported the following. I have no freaking clue why the stock is up so much today, since this news of price increase and "restructuring" basically implies that the earnings are going to suck tomorrow(or atleast an earning shortfall). Why else should they announce the "good" news now? I went short today at 106. It is hoped that I have picked a top! If you have wsj interactive subscription, interactive.wsj.com An excerpt follows: <<America Online to Boost Fee 10%, Lay Off 500 CompuServe Workers An INTERACTIVE JOURNAL News Roundup America Online Inc. announced a realignment of its operations and said it will raise its monthly on-line service fee 10%. Also, AOL said its CompuServe unit will lay off 500 employees as part of a restructuring.>>

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