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

To: Pancho Villa who wrote (7526)	2/11/1998 9:03:00 AM
From: the Druid	Read Replies (1) \| Respond to of 13594

I don't think the analysts are stupid. They are in the game together with AOL management to push AOL higher and higher in the name of creating share holder values. This looks to me like what happened to the stock of Value Jet where they kept on pushing and pushing the value of the stock until Value Jet literally crashed into the Florida everglades. Catering to the lower denominator of customers and sacrificing quality does have its virtues, at least in present day wall street. (I think it is still not safe to go against these guys.)

To: Pancho Villa who wrote (7526)	2/11/1998 1:02:00 PM
From: Keith J	Read Replies (3) \| Respond to of 13594

Did a little better look at the product development expenses. AOL reported $23,632 as the "net" product development expense line item on the income statement. The fact is that they spent $29,714 on product development in the quarter. Or $6,082 more than what was reported on the income statement. After tax, that would work out to a little over 3 cents/share. I've attempted to email Herb Greenberg about AOL's accounting. Maybe for a change he'll do something positive for me. <G> KJ