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

To: James Young who wrote (15207)	5/6/1999 8:46:00 AM
From: sam	Read Replies (2) \| Respond to of 41369

Just out of curiosity -- is this a "downgrade" or simply a shaving of one quarter's numbers (only to be added to the next quarter)? Blodget hosted Pittman's conference call yesterday -- and that's usually an attempt by an analyst to alley the fears of his salesforce. My guess is there's still some large short positions that want to get out and are willing (and able) to pull a phony "rumor like this to try to scare some people out. Sad thing is they probably will succeed. FWIW

To: James Young who wrote (15207)	5/6/1999 8:57:00 AM
From: Steeny	Read Replies (1) \| Respond to of 41369

James, those #s must be annualized. The quarter's # will only be around 13 cents. A Merrill earnings downgrade is not going to cap AOL. This is standard weekly behavior for analysts. A buy or sell downgrade, on the other hand, would have much more of an effect.

To: James Young who wrote (15207)	5/6/1999 10:09:00 AM
From: Dennis R. Duke	Read Replies (2) \| Respond to of 41369

Now let's see. Merrill Lynch's Henry Blodget produced a report on April 28th, 1999 entitled "America Online - Strong Quarter; Raising Estimates Slightly", and you'd like to start a rumor that it was a report lowering estimates to buy more short? Get the report, it says exactly the opposite of your attempt. ML has AOL at a D-1-1-9. As a 1-1 it is the highest they go in favor of a Strong Buy. I don't know your agenda, but check your facts. Later, Dennis