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

To: Glenn D. Rudolph who wrote (9960)	5/13/1998 4:47:00 PM
From: J.S.	Read Replies (2) \| Respond to of 13594

Glenn, Thanks for the post: Note AOL: BANCAM/ROB STEP decreased estimate for quarter ending 09/98 from $0.18 to $0.17 on 05/07/98 .. .. .. AOL: BANCAM/ROB STEP increased estimate for quarter ending 06/98 from $0.17 to $0.19 on 05/07/98 This is the same analyst (K Benjamin) who pounded the table after the last conference call and pronounced he that this news warranted an increase in earnings estimates. So he increases one by 2 cents but the next he decreases by a penny. He had the audacity to add that in a quarter where AOL has seen an 80 % increase in price that he saw much appreciation left in the stock price. I find this especially insidious since he had admitted that AOL has resorted to accounting games in claiming to meet or exceed earnings estimates in the past (he failed to do it at the time of the alleged subterfuge)all but conceding that the existing price has been supported by deception. joe