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Technology Stocks : AOL, now I get it

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To: Joel Sternberg who wrote (242)12/19/1996 9:16:00 PM
From: Kenneth Lu   of 496
 
<<Yes, but not at anything close to this price. Also, I would say that using the word monopoly is a little overdoing it. Didn't Netscape once have a virtual monopoly in browser software. Do I hear the footsteps of the "Beast"?>>

Hey Joe:

I think your analogy is a bit flawed. Obviously to come up with a good browser is much easier to come up with a good online service. Look at how many big firms have tried to enter the online market and failed miserably, including the "Beast". Got to give the management at AOL some credit. However, AOL has not yet succeeded in building a profitable business. It is just in the best position to do so. The bet now in on whether AOL can profit. If it can, its current price is definitely worth it.

Best regards,
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