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Technology Stocks : America On-Line (AOL) -- Ignore unavailable to you. Want to Upgrade?

To: 1SFG who wrote (448)	12/31/1998 9:50:00 PM
From: Jorge	Read Replies (1) \| Respond to of 41369

<<If you consider a PE of about 65-70 (alltime high for MSFT, as I have read recently), what do you call where AOL and the net stocks are sitting?>> I would call them "Developing"....The earnings may actually catch up to AOL, the most reasonably priced of the bunch.. The best will get better, the second-tier will become valued/priced accordingly as we go forward...This is where AOL will come out smelling like a rose....It may always have a relatively high P/E, as many of the Bluest of Blue Chip Tech Stocks often do, but as time goes on I firmly believe its Earnings will narrow the P/E gap.. As William O-Neil, of IBD says, don't pay too much attention to P/E..It's not as important a factor as is often assigned to it...Instead look at it's Growth--Past, Present, Future. Regards, George