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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?


To: Softechie who wrote (97657)7/24/2002 12:52:43 AM
From: puborectalis  Respond to of 99280
 
David Joyce, an analyst with Guzman & Co. in Miami, said it would be a mistake for AOL Time Warner to divide the company into two pieces.

"America Online continues to contribute cash flow and could generate $2 billion in EBITDA in 2002," said Joyce, referring to earnings before interest, taxes, depreciation and amortization.

Joyce said he expects AOL to benefit from a resurgence in general economic trends and an improvement in advertising. "The stock could double within a year," Joyce said. The key will be if Parsons and Case can find a way "to make America Online more of a broadband provider."