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: BillyJoe McCallister who wrote (1702)	2/12/1997 10:35:00 PM
From: Brian K Crawford	of 13594

Could be up today on buyout rumors. But you have to discount that actually occurring. AOL isn't shopping the company around, and who would come at them hostile? Really? I think it's shorts unwinding their positions. Lots of other stocks moved up today, but a 10% AOL up day has some urgency behind it. 94 million shares out, 24-25 million short at last report. Todays trading 4.5 million. Heavy. The news is out. Bad q2. Lawsuits. Cancellations. A few reductions of q3 estimates due to modem rentals. Everything a short could want. If it won't go down on all that, and you have a short time frame, you fold your hand. That is what is happening, and it has a way to go yet. Meanwhile, a few analysts raised their FYE 6/30/98 estimates based on what they saw in the Other Revenues section. Ads and e-commerce are pumping. And the final blow: the cash balances went up! Brian

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