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

To: freeus who wrote (5492)	2/22/1999 11:38:00 PM
From: Islander	Respond to of 41369

AOL, Amazon, Lycos Good Buys at Current Levels, Analyst Says Hi, freeus! thought you might like this: San Francisco, Feb. 22 (Bloomberg) -- Internet shares such as America Online Inc., Amazon.com Inc., Lycos Inc. and Network Solutions Inc. are good buys at current levels, said BancBoston Robertson Stephens analyst Keith Benjamin. Benjamin is recommending that investors buy Internet stocks because the shares are at the low end of a predictable trading pattern. The stocks in the past have traded as much as 30 percent lower than their highs as a lack of news blunts interest among retail investors, he said. TheStreet.com Net Index of 20 Internet- related stocks, for example, closed at 490.98 today, after touching 616.09 on Jan. 12. Benjamin's top picks are No. 1 online access provider AOL and Internet retailer Amazon.com. He also favors Lycos, an online directory which has been beaten down on investor dissatisfaction over a proposed combination with USA Networks Inc., and Network Solutions, which has also fallen amid concern about competition and regulatory changes. Network Solutions has the exclusive right to grant Internet addresses, although the U.S. government is phasing out its monopoly. ''It's an excellent time to be picking off and buying some of these stocks,'' said Benjamin, speaking at the BancBoston Robertson Stephens technology conference in San Francisco. Benjamin said AOL is a favorite because it ''will be in a position to buy anything that moves'' as Internet companies combine or acquire smaller rivals. He compares AOL to a cable company. AOL's market value is about $5,500 per subscriber, Benjamin said, compared to about $3,000 a subscriber for cable-television company Tele- Communications Inc. AOL is in a better position than cable companies, however, because it can reach overseas users and users at work while requiring less capital investment, he said.