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Technology Stocks : Internet Guru Discussion
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To: steve harmon - analyst who wrote (1573)5/10/1999 11:18:00 AM
From: Steeny  Read Replies (1) of 4337
 
Harmon has long held this view. However, last week he also said that ATHM could do a lot of shortterm damage to AOL. He likes to refer to them as "AOL on steroids" because of their unlimited financial backing by T. It seems like the cable fears are dying down a bit. There is a growing realization that either AOL will cut a deal with T, or the Feds will not allow T-UMG or cable lines will be forced open(least likely).
The other fears are

1: the high pe dump (still the biggest obstacle and a total unknown)

2: interest rates(this is dying as it looks like the bonds are raising their own rates and keeping Greenspan away).
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