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Technology Stocks : America On-Line (AOL)

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To: Smart Investor who wrote (30869)9/17/1999 9:12:00 AM
From: ChinuSFO  Read Replies (1) of 41369
 
Smart Investor
I am waiting to see if the shareholders grant's AOL's management request to increase the number of shares. I have a gut feel that something is up with Steve Case and the boys. They have finalized their strategy on their next move. I surely believe that this request is not for a stock split. It is for a purchase.

Now let me start a rumor here. ATT is straddled with Excite at least for the next 2 years. ATT wants out of it and throw cable access open to all the ISPs due to the revenue potential that Armstrong is aware of. Currently, they are unable to do so since they have a contract with Excite until 2002.
AOL wants cable access from ATT but Excite is standing in their way. So why not buy/spinoff or whatever with Excite. Maybe deal with ATT and ATT can help AOL do that. Even if ATT chimes in with half of their expected profits from OpenAccess between 2000 & 2002, they maybe willing to step up and help AOL.
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