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

To: Sowbug who wrote (7393)	2/10/1998 2:55:00 PM
From: Keith J	Read Replies (1) \| Respond to of 13594

Lehman Brothers info: NEW YORK, Feb 10 (Reuters) - Lehman Brothers said on Tuesday it raised its 12 to 18-month price target on shares of America Online Inc to $150 per share from $105 per share after the company announced its would raise its monthly charge. -- Analyst Brian Oakes said established a fiscal 1999 earnings estimate of $1.70 per share and $2.90 per share for fiscal 2000. -- Estimates America Online usage will grow 30 percent to over 30 hours per month from 23 hours now, he said. -- ''This price increase enables America Online to continue to grow and invest in its current business while providing a high degree of earnings predictability for shareholders -- we think it is the right move,'' he said. -- Stock up 13/16 to 111-1/4 after hitting record high on Monday. KJ