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Technology Stocks : IDT *(idtc) following this new issue?* -- Ignore unavailable to you. Want to Upgrade?


To: blankmind who wrote (9176)6/10/1999 5:48:00 PM
From: blankmind  Respond to of 30916
 
keep this in mind when reading this article: where does idtc have such a strong presence? Internationally and aol has a stake in ntop.

Blodget: low expectations for AOL's June Q user growth

cbs.marketwatch.com

By Emily Church and Bambi Francisco,
CBS MarketWatch
Last Update: 5:17 PM ET Jun 10, 1999 Internet Daily
Net Headlines

NEW YORK (CBS.MW) -- Internet stocks came under pressure Thursday after an influential sector analyst gave a negative June subscriber growth outlook for America Online, sinking shares of the bellwether stock.

AOL (AOL: news, msgs) fell 5 1/4 to 105 3/4 Merrill Lynch Internet analyst Henry Blodget told clients Thursday morning he expected subscriber growth for the June quarter to come in at "the low end of guidance range, which was 750,000-850,000."

Moreover, Blodget noted that "international subscriber growth is significantly weaker than expected, perhaps partially as a result of the "free access" movement in the U.K." He didn't change his revenue or earnings per share estimates, adding that "we do not see any major catalysts for AOL's stock until the fall."