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

To: Smart Investor who wrote (8590)	3/30/1999 8:20:00 PM
From: Out_of_the_Trap	Read Replies (1) \| Respond to of 41369

With all respect, csco is not a good comparison. They have mfrg cost that AOL or MSFT will never see. The upside potential on net income for AOL & MSFT is off the chart. This is not to say that csco is not a 'standard maker', it's only to say that AOL can accelerate their income faster and in a shorter time frame then typical manufactured products. This is the primary reason that MSFT blew by GE in mkt. cap. And remember: Thomas Edison launched GE before 1900. It took them 90+ years to get where they are and ONLY with the help of GE Capital, which has become a major profit center for the corp. Wait till the Japanese economy comes back. GE Capital has been shopping(they bought up Japanese auto loan companies @ a bargain last fall) and they're going to be underwriting a substantial number of car loans in Japan looking forward. Long term and accelerated profits are in software, not hardware. I'm a 4 baggier on csco since 4/25/97. I sold my remaining csco last week and put it into AOL because I think it will out pace any such hardware maker in profits, like it's standing still. Why do you think the SUN/AOL ‘lockup' is so awesome for SUN? They have what other hardware people don't have(AOL) and AOL/Netscape has what MSFT doesn't have(SUN/JAVA). IT'S GONNA BE FUN!!!!!!!! IMO OT

To: Smart Investor who wrote (8590)	3/30/1999 9:03:00 PM
From: Jacktoad	Respond to of 41369

RE: <<.... Let us not forget, AOL is a momentum stock at this point, and there is no justification for its price. >> SI; That is a statement I had heard a lot years ago about Microsoft when it was in the midst of establishing and positioning itself as a force to be reckoned with. I wouldn't worry too much about AOL's market cap as long as AOL continues to produce the numbers and the promise of good numbers and business alliances into the future. Of course they'll continue to watch Microsoft like a hawk( as well they should ). Bill Gates doesn't like to lose. And what he likes even less is the perception that he has lost or made bad decisions. I think he's eager to get the current DOJ fiasco over with so he can concentrate all his efforts on controlling the ways & means of electronic commerce, entertainment,...etc. Funny, the "alliance" that AOL has formed with Sun and Netscape may turn out to be an their undoing in that it creates an entity that MS should have every legitimate right to compete fully against( or even emulate ). Think about an alliance of MS, @Home and dozens of top notch, disgruntled, former Netscape whiz kids??? Should be interesting. Regards, JT

To: Smart Investor who wrote (8590)	3/30/1999 9:38:00 PM
From: Voltaire	Read Replies (1) \| Respond to of 41369

You are wrong sir, AOL is not a momentum stock, it is a news driven stock and the news is there for a reason. Selah, Voltaire

To: Smart Investor who wrote (8590)	3/30/1999 9:59:00 PM
From: Voltaire	Respond to of 41369

I shake my head in wonderment when I read a post such as yours and many others like it. It is not your view that causes such wonderment but rather the amount of money you and those like you pass up as a result of such. How many eons must pass before you fundamentalist realize that the only thing that matters in any market is not the product or stock being bought but the MARKET in which that item or object is being purchased. It is the TYPE of MARKET that dictates whether you can make money or not. This particular market we are in is NOT driven by FUNDAMENTALS, it is driven right now quite simply by one thing, LIQUIDITY and you guys can wait til hell freezes over and until the MARKET is driven by FUNDAMENTALS, you will play hell making any good money. The same can be said for a FUNDAMENTALLY driven market, one would play hell making money with AMZN in a fundamentally driven market. THIS ONE IS NOT. An over abundance of liquidity allows for higher multiples, more risk and yes, greater profit. So, instead of looking at a particular stock, just simply look at what kind of market you are in, geeez, this is not that hard. Voltaire