Anyone seen this from the WSJ? Could be a biggie for AOL and HSAC
Technology Journal
Digits
Digits
Compiled by Nicole Harris and Ann Grimes from staff reports
07/01/1999
The Wall Street Journal
Page B4 (Copyright (c) 1999, Dow Jones & Company, Inc.)
[Gambits and gadgets in the world of technology]
SECOND TIME AROUND: Back in 1993, billionaire Paul Allen tried to buy a controlling stake in an online pipsqueak whose prospects were then
considered dim. But the mouse that eventually roared, America Online Inc., and its chief executive, Steve Case, resisted the overtures. The fight became so acrimonious that the co-founder of Microsoft Corp. ended up selling all of his nearly 25% stake in AOL. Since then, the pair have had little contact. Until recently, that is.
According to people close to the situation, Mr. Allen's chief investment adviser, Bill Savoy, visited Mr. Case and others at AOL's headquarters in Northern Virginia recently. Why? Mr. Allen is now one of the country's biggest cable system owners and AOL wants to offer high-speed access to its service using cable lines, among other means. Since the company has had a rocky road with AT&T Corp., now the biggest cable operator, people in the know say AOL is trying to forge relationships with other cable empires.
Neither Mr. Allen nor AOL would comment. |
