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Technology Stocks : America On-Line (AOL)

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To: ChinuSFO who wrote (31575)	9/26/1999 4:22:00 AM
From: puborectalis	Read Replies (3) of 41369

CAN THIS BE TRUE? from ragingbull...... AOL In Talks To Acquire Excite By Kevin Prigel, Staff Writer, WWW.STREETADVISOR.COM Sep 25 1999 High-level sources have confirmed that America Online, Excite AtHome, and AT&T are in negotiations to arrange a complex deal. The arrangement appears to be beneficial to all involved parties. Here are the details that we have learned: America Online will acquire 100% of the Excite portal from Excite AtHome. The deal price has yet to be set, but is rumored to be around $7 billion. America Online properties will become the default interface for AtHome users. AtHome customers will be able to use the America Online interface free of any additional charges from AOL. America Online will throw its marketing weight behind cable Internet access. The sticking point in negotiations is if the advertising and marketing revenue that America Online receives to serve ads to AtHome customers will be split in any way. Supposedly AT&T/AtHome wants 25% of the revenue, while AOL wants to keep it all. (Voluntary Disclosure: Position- Long; ST Rating- Strong Buy; LT Rating- Strong Buy)

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