AOL knows how to play it cool. It's not going to tip its hand until it knows an offer is real.
More Quotes from Ulric Weil:
Currency is overshadowing the multinationals, the tech multinationals, whether it's Cisco Systems or Oracle or Sun Microsystems or IBM. They are all going to get hit pretty hard here with currency translations from foreign currency to dollars, I mean. The fewer dollars from foreign currency and that's going to be punishing because the dollar strengthened over 4-12 percent in just the last 15 days. That's unheard of. That's a record, almost. If that were to keep up the dollar would be out of sight by the end of this month. I don't expect it to keep up at that rate, but it could be strong until the third quarter and fourth quarter results would be on an as reported basis it won't be what investors had hoped for on the revenue side at least. EPS will be protected to some degree. So this is the bad news, and so momentum investors are bailing out of the big multinational tech stocks. And where are they going to go That's the key question,Ulric Weil
I would stay away pretty much from the bulk of the Internet stocks. Internet stocks that don't have any earnings,
Ulric Weil
I think that the stocks will recover again because the small investor that logs on to the Internet just sees the romance and the lure and says 'buy,'
Ulric Weil
The Internet sector still will shine, but you'll have to be with the top brands to be a winner,
Ulric Weil
They are looking for non-multinational tech stocks that are attracted. What are they Certainly not the telecom stocks, the CLEC, the independent telephone company, ATT, WorldCom, they are all in trouble because demand for the high speed connections, the data connections are not coming through as quickly as possible, but the revenue from local business calls and the tremendous price pressure and so those companies are not likely to be targets for investors to go for,
Ulric Weil
There's a lot of game playing going on right now, ... The two parties are digging in the trenches, and digging in on their positions. The judge knows that Microsoft will appeal, and the tougher the penalties imposed on Microsoft by the judge, the more likely it is that the appeals court will modify them.
Ulric Weil
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