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Technology Stocks : AOL, now I get it

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To: yard_man who wrote (433)2/4/1997 1:35:00 PM
From: James F. Hopkins   of 496
 
Hi Barry : Got the Yahoo thingy on AOL
NEW YORK, Feb 3 (Reuter) - First Boston analyst Alan Braverman said that as part of his buy initiation on America Online Inc, he has an 18 month price target on the stock of $55 a share.
Braverman said that although he sees the next three to four months as being a bit of a "bumpy road" for the stock, he believes America Online will continue to lead the new media industry. "Over the
long term, I am very encouraged," he said.
He said for the second fiscal quarter, which AOL is due to report on Thursday, he expects AOL to report a loss of $0.60 a share, before an extraordinary charge of about $75 million.
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This Guy must be a nut, first the $0.60 loss, is more than the
early calls, and with this excluding the $75 millon it runs it
up , to what ? a $1.25 loss or more ? and that's just the tip
not counting thev refunds, the big bug a boo..is all the people
doing charge backs on their credit cards..they don't want to talk
about that..the same kind of cooking on the reports, wound up
cost them to have to post the $3.80 loss last quater, yep people
like Braverman, are impress me as trying to get others to hang on while they slip out the back door. Have to do more home work on
this, but the 0.60 loss is cooked, it's way more than that.
Jim
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