AOL, now I get it Message Board

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Technology Stocks : AOL, now I get it

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To: GARY SIKORSKI who wrote (119)	12/2/1996 12:43:00 PM
From: Zoltan!	of 496

Short? No, but I got the same comments when AOL/AMER was $70+. But believe what you want. Better competitors? Easy. Disney and Microsoft. AOL is not in their universe, let alone their league. Since AOL is a momentum/hype stock you should be concerned that their growth rate is slowing markedly. Remember that recent restructuring was BOGUS. All they wanted was a device to transfer their huge accrued marketing costs without them ever having to appear on the income statement. They should have amortized those costs, but then their already dim prospects of reporting future profits would have been rendered nonexistent. Sooner or later the market will exact its toll. However, you seem to have bought it, hook, line and sinker. Better investment? Easy. In the early 90's I determined what sector would make money from the 'Net, and bought CSCO. It is still my favorite. My preference is for real companies with real earnings or prospects. That includes AOL out. Regards

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