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Technology Stocks : BEST INTERNET STOCKS TO OWN IN 1999 -- Ignore unavailable to you. Want to Upgrade?

To: JOHN CHEN who wrote (19)	2/24/1999 11:30:00 AM
From: AJ Berger	Respond to of 471

I'm glad that ATHM looks prosperous It's very important that the XCIT deal does not fall apart due to loss of ATHM share price. The XCIT deal going thru helps inspire current valuations on many other Web Properties like LCOS. Davis did a raw deal, but I think LCOS is still worth considerably more based on the ATHM/XCIT valuation then it's current trading range would suggest. as for AOL being over priced, I'm afraid you are incorrect. Most analysts who use Cable Companies formula's in terms of cost and cash flow per subscriber will tell you that AOL is grossly Undervalued when compared to other ISPs. Even more compelling, is that AOL is not just an ISP, but a value added content, and premium marketing penetration provider, which only increases it's value. As they move into South America, Asia, and Europe, this force will only continue to grow. The fact that AOL already represents a Third of the N.American Online community is quite an achievement given that the entrance into the ISP business can be done by just about anyone with a few computers, phone lines and plenty of Jolt Cola.