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

To: Elliot Puritz who wrote (26608)	7/23/1999 10:51:00 AM
From: Roger	Read Replies (1) \| Respond to of 41369

Elliott - I am a buy and holder, not a daytrader. What frustrates me is to see this company do such a fine job of execution which is seemingly not being rewarded by Wall St. Perception is everything. What needs to be done is to manage perception - I know it is easier said than done. But then, I have always had such high regard for AOL management, it is sad to see that the AOL story is not being brought by Wall St. After all it is one of the few companies on the net that makes any serious money. I dont care about companies like AMZn which dont make any money but were until recently successful in selling their story to Wall St.

To: Elliot Puritz who wrote (26608)	7/23/1999 11:11:00 AM
From: Ed Forrest	Respond to of 41369

Friday July 23, 9:38 am Eastern Time FOCUS-Freeserve shares set for strong debut LONDON, July 23 (Reuters) - Freeserve, Europe's first major Internet float, is set for a strong debut when conditional dealings begin on Monday. British electrical retailer Dixons (quote from Yahoo! UK & Ireland: DXNS.L) is selling around a fifth of its subscription-free Internet service provider for 130 to 150 pence a share, valuing the company at up to 1.5 billion pounds ($2.4 billion). Freeserve shares were being quoted in a range of 209-216p in grey market trade on Friday with speculation that the offer, which closes today, may be up to 10 times oversubscribed. Grey market prices on Freeserve were first quoted by financial bookmakers City Index at 175-183p on July 15 for a 19 percent gain. Fund managers said Freeserve IPO roadshows had attracted strong interest from specialist investors as well as major institutions and the issue looked to be well supported by large funds as well as retail investors. ''Demand among fund managers is likely to be very high. There is a fear and greed mentality in this issue as the free float is so small and it is split between London and New York,'' said Chris Bell, fund manager of Framlington Group's NetNet fund which invests in Internet stocks. But most big investors contacted by Reuters said they planned to be short-term holders of the stock. ''Freeserve's time window is running out and that will be a big issue for funds after the initial euphoria has died down,'' said the head of technology investment at a major London investment firm. Institutional investors said their appetite for Freeserve was partly motivated by a desire to ensure continued strong performance in Dixons shares, which have more than doubled since Freeserve's launch last September. Dixons, with a market capitalisation of 5.7 billion pounds, plays a bigger part in most funds' portfolio performance, fund managers said. The shortage of Freeserve stock means most large fund managers will receive only a tiny allocation, virtually meaningless in multi-billion pound portfolios. Although Internet usage has ballooned across the United States and is increasing in Britain and continental Europe, many investors question the ability of Internet companies to produce the level of profits that rapidly rising share valuations demand. Freeserve, launched last September, swiftly became the UK's top online firm by scrapping the subscription fee for Internet connection. It relies on a share of call charges, plus e-commerce and advertising, generating revenues of 2.73 million pounds to May and making a net loss of 1.04 million. Although still the UK market leader with 1.3 million users, Freeserve now faces rivalry from 70 to 100 ''free'' competitors, including America Online (NYSE:AOL - news) which has 20 million subscribers worldwide. ($1 equals .6317 Pound) -------------------------------------------------------------------------------- More Quotes and News: America Online Inc (NYSE:AOL - news) Related News Categories: funds, IPOs, US Market News -------------------------------------------------------------------------------- Help -------------------------------------------------------------------------------- Copyright © 1999 Reuters Limited. All rights reserved. Republication or redistribution of Reuters content is expressly prohibited without the prior written consent of Reuters. Reuters shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. See our Important Disclaimers and Legal Information. Questions or Comments? BoardMark MemberMark Ignore Poster Report TOS Violation AOL Update Last 106 15/16 Chg. -3 9/16 % -3.22% Time 10:47 Detailed \| Real-Time Nasdaq delayed 15 minutes, 20 min. otherwise. Your $0.02 Wanted! Why just lurk? Get in the ring. Click Here Previous \| Next \| Post New \| Respond \| View Replies Favorite Boardmarks \| No boardmarks have been placed -------------------------------------------------------------------------------- Message Board Search Symbol Subject Member Board Directory Computer-Related General Boards Internet-Related Members' Corner Miscellaneous Non-Technology OTC BB Technology Telecommunications The Bull Pub The Writers' Guild Under $4 -------------------------------------------------------------------------------- Home \| Community \| Free Email \| My Bull \| Login \| Logout \| RT Quotes \| Copyright 1997-99 Raging Bull, Inc. All Rights Reserved Terms and Conditions