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Technology Stocks : America On-Line (AOL) -- Ignore unavailable to you. Want to Upgrade?

To: Steeny who wrote (22861)	6/17/1999 1:58:00 PM
From: Ed Forrest	Respond to of 41369

To: Steeny who wrote (22861)	6/17/1999 2:25:00 PM
From: john douglas	Read Replies (2) \| Respond to of 41369

Steeny, please explain why you think CPQ's earnings warning is a negative for AOL. Conventional Wall Street wisdom is that Compaq's problems are (a) partly company specific, and (b) partly related to collapsing pc prices. Falling pc prices would seem to be bullish for AOL. Lower prices, more units sold, more households as potential AOL subscribers. What's your take?

To: Steeny who wrote (22861)	6/17/1999 2:47:00 PM
From: Tunica Albuginea	Respond to of 41369

TA, you blow-off every bit of eveidence not in you favor. (Europe & CPQ). I don't understand your position with CPQ. CPQ has weak earnings because Pfeifffer didn't make internet sales his priority. They are digesting giant DEC acquisition. They had their plate cleaned by CPQ. Everybody knows weak PC prices are FANTASTIC for AOL. Soon they will give away free PCs for a 3 year sign up. Can you beat that? Do u have some insights that you are expecting great earnings? It is not a question of eps at this time. It is a question that I am buying a stock at 50% off. If I wait to do that in Dec 1999 when their eps will go though the roof I am going to pay double this. What kind of lousy investing strategy is that? Every prediction I have heard expects subdued earnings based on a slowdown in subscriber growth This is was Blodget at Merrill has to say about AOL. AOL IS Merrill's No1 Internet pick: US growth is significantly stronger than expected offsetting some of the International weakness we remain very comfortable with our eps estimates, 0.32 in 1999 and 0.53 in 2000 in spite of recent weakness we remain committed to our long term Internet strategy our strategy is to hold a small basket of leading stocks. AOL is one. they have a buy rating on AOL : D 1-1-9 , the highest. we are cautiously optimistic over the next several weeks. TA TA, you blow-off every bit of eveidence not in you favor. (Europe & CPQ). This is not being open-minded. Don't ignore evidence that runs counter to your position. This is not good trading. There are great reasons to buy AOL TA-wise and interest rate wise. But based on earnings?? Do u have some insights that you are expecting great earnings? Every prediction I have heard expects subdued earnings based on a slowdown in subscriber growth. This came from analysts at the last conference call. I will make this statement: options expiry days are impossible to pick, no matter which way the trend is going.