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Technology Stocks : America On-Line: will it survive ...?
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To: Frank Ellis Morris who wrote (13356)12/30/1998 9:25:00 PM
From: David Montgomery  Read Replies (1) of 13594
 
"Way back when" when Microsoft was a big loser

I heard a lot of talk about that company up in Redmond. They had a PE of about infinity. No market fundamentals. The experts said a lot of stuff that really made sense to me.

AOL is starting to look a lot like the giant in the making. Their product isn't that great (dos was a joke as we all know now). In spite of it all, they have about a billion in cash to start putting together something that works for a whole bunch of people.

If history is the prologue, AOL may be the expression of the next steps to come. I hope they're up to the task. They've survived so far with some sort of a Model T. What's going to happen when they really do something good?
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