Hello, Vendit and everyone. I guess with all the selling in the nets, we must be down to the strong hands by now. Still holding AOL, don't really care what it does in the near term. The fundamentals have not changed, well, they have actually, they have been getting stronger. Subscribers are still growing, e-commerce is maturing, AOL's multi-faceted broadband strategy is getting better defined; handheld web browsers will be coming out this summer, DSL is getting more popular, AOL-TV is starting to make noise, and on and on...
And it is a pleasure to not have to listen to the phrase "internet bubble" everytime I turn on CNBC. Heck, when we were way up it seems all the analysts were worried about valuations, p/e, Asia, Brazil, inflation, blah blah blah. So now they should all be happy, right?
So for me, what is important is not what AOL will do today or tomorrow, but where it will be 3, 4, or 5 years from now.
Everyone take care. |
