Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Hawk who wrote (7545)	2/11/1998 10:42:00 AM
From: Paul Merriwether	Read Replies (2) \| Respond to of 13594

I dont understand why they have bid up the stock so much. They just MET the expectations(low ones to be sure), have not defined a clear path for earnings growth(accordng to them the $2 rate hike does NOT help the bottom line). What justifies this current price? Maybe I am being egotistical, but I refuse to cover my short after these earnings! For those with a WSJ subscription: interactive.wsj.com AOL Profit Meets Analyst Targets; Company Announces Stock Split By REBECCA QUICK Staff Reporter of THE WALL STREET JOURNAL America Online Inc. reported strong fiscal second-quarter earnings, meeting analysts' expectations, as revenue rose 45% from growth in both subscriber fees and other sources. The company also announced a 2-for-1 stock split. Net income at the nation's largest on-line service rose to $20.8 million in the quarter ended Dec. 31. AOL posted a loss of $129.18 million in the year-earlier quarter due in part to one-time charges and refunds it paid to disgruntled customers.