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Technology Stocks : America On-Line (AOL)

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To: Sir Francis Drake who wrote (15581)5/7/1999 10:57:00 AM
From: TraderC  Read Replies (2) of 41369
 
Even if the AT&T deals don't go through for whatever
reasons, AOL is still in the same limbo position:
it has no long-term broadband strategy.

Looks like the institutions are realizing that this
stock is simply too expensive. AOL's fair value is 50,
for a PE of around 100. Its current PE ratio of 239
is just unsustainable.

Remember the Iomega hype of 1996. Don't be the fools
holding the bag.
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