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

To: TARADO96 who wrote (36157)	12/30/1999 12:49:00 AM
From: hasan syed	Read Replies (1) \| Respond to of 41369

Jefferies raised their 12-18 month price target on AOL from $90 to $110 based on a compelling relative valuation and strong long-term fundamental outlook. Jefferies said that AOL?s advertising and e-commerce business along would justify the price if it had the same price multiple as Yahoo. What is also expected to help AOL is two strategic alliances formed with Wal-Mart and Circuit City. Wal-Mart/AOL deal starts on January 1, 2000 which would be a customized version of Compuserve targeted towards the value segment of consumers. Also, AOL 5.0 will be distributed throughout Wal-Mart stores. Similar deal was signed with Circuit City where AOL products and services would be offered to Circuit City customers throughout its 615 stores. AOL?s subscriber growth continues to be strong which recently added its 20 millionth customer and is expected to reach 22.7 million by the end of Q2 2000.