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

To: H James Morris who wrote (9666)	4/29/1998 1:28:00 PM
From: jack rand	Read Replies (1) \| Respond to of 13594

Disney Plans To Go Head To Head With AOL wired.com In addition, the Bloomberg report of same thing quotes Eisner: Eisner said Disney plans no more major acquisitions. ''We are not buying AOL,'' he said. Disney already has what its needs to compete against America Online Inc., the world's largest online service, said Eisner. He said mergers today are taking place at dangerously high valuations. ''You're paying a 30 percent premium for something that's already overpriced by 30 percent anyway, so most acquisitions fail,'' Eisner said. -------------------- Let's see. AOL jumps $3.5 on 'new' Merrill coverage by same analyst who until three weeks aho was at UBS and rated AOL 'strong buy'; and totally ignores Disney's announcement..............