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

To: robert duke who wrote (2398)	1/12/1999 6:35:00 AM
From: Vendit™	Respond to of 41369

America Online Inc. (NYSE:AOL - news) paced the early advance, gaining $18.625 to close at an all-time high of $165.125 on the New York Stock Exchange. Merrill Lynch analyst Jonathan Cohen reiterated a buy rating on the stock and raised his price target on the shares to $195. Analysts continue to watch the Internet group, looking for indications that the rally could lose steam and give way to a reversal at least as furious. ''If these Internet stocks break, it might bode very poorly for the overall market,'' said Bill Meehan, chief market analyst at Cantor Fitzgerald in Darien, Conn. But Gami suggested that some of Wall Street's pros were looking in the wrong place for the much-anticipated downturn. ''Yahoo, AOL, Amazon -- these are good companies with good products and good management,'' Gami said. ''Don't focus on them waiting for them to blow up.'' But he conceded that the general upturn in Internet stocks had swept up virtually anything with ''Internet,'' including some companies with bad management and copy-cat business plans. Those stocks could be most vulnerable in a downturn, he said. The Internet sector also could be hit by a seasonal slowdown later in the year in both e-commerce and advertising, which usually peak in December, Gami said. ''That's a potential thing hanging out there that could hurt.'' dailynews.yahoo.com