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Technology Stocks : All About Sun Microsystems -- Ignore unavailable to you. Want to Upgrade?

To: SecularBull who wrote (15090)	3/30/1999 10:27:00 PM
From: Sonki	Read Replies (3) \| Respond to of 64865

LongOnDell, & all: i hope u r in aol as well. look for a dip and dive in. glad to see sunw up on a down naz day. ya, i know we did not get 10 points like aol but i ain't complaining...slow and steady we get there... ================== AOL rises over 10 pct on positive comments NEW YORK, March 30 (Reuters) - Shares of America Online Inc. jumped more than 10 percent on positive comments from a Wall Street analyst and after the online giant announced an Internet commerce pact with Sun Microsystems Inc. . AOL's shares in early afternoon traded at 145-15/16, up 14, after touching a new 52-week high of 149. PaineWebber analyst James Preissler on Tuesday lifted his price target for AOL to $215 a share, from his previous target of $125. He reiterated his buy rating on the stock. AOL is undervalued, Preissler wrote, particularly on examination of the potential value of the various components of the AOL, including the recently acquired Netscape Communications Corp. "Totaling the sum of the parts of the AOL network of properties, we arrive at a potential worth of $215 per share, or $230 billion of market cap," he said in a note. "Still, we do not think we are aggressive in valuing AOL's worth. Upside to these numbers could come from several areas, in our opinion," he added. He also said that AOL's more than 17 million domestic subscribers, including about one million from CompuServe, and 50 percent penetration in the online market, could in time equal the magnitude of domestic cable television penetration. AOL, the world's largest Internet services company, and computer maker Sun Microsystems Inc. unveiled plans Tuesday to develop a unified set of electronic-commerce products by early next year. The alliance between the two companies, which they refer to as the Sun-Netscape Alliance, will develop products for messaging and collaborating through the Internet, as well as directory and security features for safely navigating and doing business on the Web. The companies also sketched plans to develop what they described as packaged e-commerce software applications.