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Technology Stocks : America On-Line: will it survive ...? -- Ignore unavailable to you. Want to Upgrade?

To: Harold S. who wrote (6655)	1/5/1998 11:25:00 AM
From: PAL	Read Replies (1) \| Respond to of 13594

Let the group rotation begins. The internet stocks will be primed to be out of favor due to earnings concern. Look at Netscape today which lost over 5 points on heavy volume. NCSP is downgraded by Morgan Stanely: Monday January 5, 9:49 am Eastern Time RESEARCH ALERT - Netscape lowered NEW YORK, Jan 5 (Reuters) - Morgan Stanley Dean Witter Discover said its analyst Mary Meeker lowered her rating on Netscape Communications Corp to outperform from strong buy. -- The preliminary operating earnings estimate for 1997 went to $0.04 per share from $0.45, and for 1998 to $0.06 from $0.90. -- Netscape said on Monday that it will miss fourth-quarter earnings and revenue forecasts. -- Morgan in a research note said that Meeker likes Netscape's assets and market opportunity but adds that she considers this is a high-risk, high-reward investment. Mutual fund managers will notice how precarious internet stocks are. Will AOL and YHOO be next to be downgraded? Good companies but way overpriced. You would not buy a Corolla for $ 65,000 when you can get a Lexus for that money? Good Luck to all Paul