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

To: Bill H who wrote (3837)	1/28/1999 10:02:00 AM
From: Roy F	Respond to of 41369

BancBoston Robertson Stephens Raises Estimates on America Online January 28, 1999 09:56 AM SAN FRANCISCO, Jan. 28 /PRNewswire/ -- The following is being issued by BancBoston Robertson Stephens, a member of the National Association of Securities Dealers, CRD number 41271: BancBoston Robertson Stephens managing director and senior Internet analyst Keith E. Benjamin today maintained his Strong Buy rating and raised estimates on America Online AOL . Based in Dulles, Va., America Online is the largest and fastest growing U.S provider of consumer online information services, with more than 17 million subscribers, including CompuServe. "AOL reported a record quarter, pointing to profitable and sustainable growth," said Benjamin. "We are raising our 1999 earnings per share estimates from $0.55 to $0.65 and our 2000 estimates from $0.85 to $0.95. "The company reported second quarter revenues of $960.0 million and earnings per share of $0.17, above our estimates of $918.4 million and $0.13 per share," said Benjamin. "Earnings per share upside was due in part to greater advertising and commerce revenues, at $126.5 million, compared with our estimate of $98 million. "We view the move to broadband as AOL's next key strategic milestone and expect additional partners will be announced soon. If we had to own just one Internet stock, it would continue to be AOL," said Benjamin.