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

To: ChinuSFO who wrote (25886)	7/17/1999 1:42:00 PM
From: Marvin Mansky	Read Replies (1) \| Respond to of 41369

America Online (AOL: news, msgs) is on deck, set to report its fourth-quarter results July 21. The consensus profit estimate stands at 11 cents a share, vs. 6 cents in the same period a year ago and 2 cents better than the previous quarter. AOL is likely to beat projections, as it has done in the past eight quarters. Quarterly sales are expected to grow by 70 percent to $1.34 billion, according to First Call. For the full fiscal year, AOL is forecast to generate $4.6 billion, a number that analysts expect to grow to $6.3 billion in fiscal year 2000. Shares of AOL (AOL: news, msgs) lost 15/16 to 120 1/16 Friday. The stock declined by 2 percent Thursday after the news that Fidelity Investments' Magellan Fund, which exceeded $100 billion in assets Thursday, no longer lists AOL as a top 10 holding.