America On-Line: will it survive ...? Message Board

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Technology Stocks : America On-Line: will it survive ...?

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To: Stkbuyer who wrote (11408)	10/9/1998 5:02:00 PM
From: Steve Robinett	of 13594

Stkbuyer: Re: Possible split. If you look at the cover letter that went out with the proxy ballots (also available as an EDGAR filing), it expressly mentions the possibility of a 2:1 split. I assume AOL has uses for the additional authorized shares in the 1.2billion, employee options, convertible debt financing like a couple of their recent deals, possibly acquisitions. Traditionally companies have liked to keep their stock price around $50 a share. Individuals can buy it as can institutions. I would guess AOL has a high level of individual, rather than institutional, shareholders. In any case, a split of some sort is in the wind. Best, --Steve

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