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: Harry Larson who wrote (1355)	2/1/1997 10:26:00 AM
From: Ramsey Su	of 13594

Harry, the best information on AOL is the 10-Q filed with the SEC for the quarter ending September 1996. It contains a detailed overview of the operations, the various plans, the companies estimates, etc etc. After reading it a couple of times, it appears to me that AOL is going to be off target on just about everything that they had planned to do. Revenue, primarily driven by subscriber growth, has to be disastrous. Operating cost has to be escalating. Current assets, giving AOL the entire benefit of the doubt, was only $254 million with barely $100 million in cash and short term investments. Case's reluctance to offer refunds, as he originally stated before the attorney generals forced him to do so, are for good reasons. He may have no money to give back. The only item that I could not find was their available credit lines and facilities. Anyone know the details? Finally, I find it hard to believe that analysts did not see what is so elementary. This is a rerun of Vinik/Magellan/MU again - issue buy recommendation while dumping to the masses. Looking forward to their quarterly report, due Feb 6 per Zacks. Anyone has an accurate date? Ramsey

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