Also..............
Mary Meeker, Internet analyst at Morgan Stanley, said America Online held its largest and most "positive analyst meeting ever." She said in a note to clients that AOL was "firing on all cylinders" and that "the best may be yet to come for AOL."
Her comments, however, fell on deaf ears. America Online (AOL: news, msgs) fell 1/8 to 134 3/8.
Bruce Smith, Internet analyst at Jefferies & Co., reiterated his "buy" rating and $175 price target, citing AOL's ability to capture the increasing amounts of advertising dollars shifting from television to the Net as "Internet usage is eating away at TV watching and, in tandem, the top 10 advertisers are spending, on average, 3.8 percent less on TV" ads.
cbs.marketwatch.com |
