
Surely you jest, sir...
By Aled Herbert
Published: 6 June 2002 08:45 BST
AOL has defended its forecasts for internet advertising revenues after Wall Street analysts expressed doubts about the figures.
The internet bellwether told investors it expects to generate a minimum of $1.8bn this year. Last year, analysts predicted the company would generate revenues of around $4.6bn in 2002.
However, investment bank Lehman Brothers said it doubted its revenues would total $1.79bn this year, according to the Financial Times.
AOL shares fell five per cent following his comments.
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