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

To: Stockjet who wrote (7390)	3/22/1999 10:29:00 AM
From: Roy F	Respond to of 41369

RESEARCH ALERT-ING Barings bullish on AOL March 22, 1999 09:41 AM NEW YORK, March 22 (Reuters) - ING Barings said Monday analysts Fred Moran and David Levy raised their price target and profit forecasts for America Online Inc. AOL , saying they expect strong subscriber growth at the Internet service provider. -- raised 1999 price target to $180, up from $100. -- raised revenue and profit forecasts for both fiscal 1999 and 2000. -- For fiscal 1999, revenue forecast moved to $4.15 billion, up slightly from $4.1 billion. Profit forecast raised to $0.36 per share from $0.32. The company's fiscal year ends on June 30. -- For fiscal 2000, revenue prediction was raised to $6 billion, up from $5.7 billion. Profit forecast increased to $0.54, up from $0.48. -- Moran said he expects the company to have 20 million subscribers by mid-1999, a million more subscribers than he previously expected. He said if the company were to add 1.8 million subscribers as he is expecting, it would be record quarterly subscriber growth. By 2000, he expects 25 million subscribers. -- shares, which opened lower, up 3/8 at 119-5/8. -- "We believe this will set a new floor on expectations for AOL," said Moran in a telephone interview. -- reiterated strong buy rating. ((J. Westhoven, Wall Street Desk +1 212 859 1881)) REUTERS -------------------------------------------------------------------------------- Following are Reuters Alerts related to this article -------------------------------------------------------------------------------- ALERT ING BARINGS RAISES AOL 1999 PRICE TARGET TO $180 FROM $100 REUTERS -------------------------------------------------------------------------------- ALERT ING BARINGS RAISES AOL FISCAL 1999 ESTIMATES REUTERS --------------------------------------------------------------------------------