EXCITE ATHM / T / AOL . . . worth repeating:
Sep 28, 1999 3:21 pm ET
Incidently, I do not believe that ATHM/ATT has reached ANY sort of "deal" with AOL. I don't think they will ever reach an agreement. I have said this many times. . .it is hogwash and totally manipulative. . .and the "anal-ysts" that are spreading the rumor, which is based in absolutely no fact. . .with real facts saying otherwise. . . are walking a fine line on securities violations.
ATHM shorts needed this rumor to take new short positions, in my opinion. . . I am bearish on ATHM near term until the Fed makes a decision on the broadband issue. . .I think we will get a chance to buy ATHM below 35 yet. And that will be a good position. . .look at chart. . .all gains today. . .last time this happened, it was quickly reversed when ATT CEO said he is NOT in talks with AOL. I will bet this is how it will end this time, too.
Message 11398852
Sept 29/99 8:26 pm ET
However, Leo Hindery, president and chief executive officer of AT&T broadband and Internet services denied that they were in talks to sell their stake in ExciteAtHome to AOL.
''Absolutely not. There have been no discussions underway whatsoever,'' he told Reuters in an interview ahead of a speech Wednesday night he was scheduled to give in Hartford, Conn. ''I typically don't comment on things of that sort. But when it's absurd, I do,'' said Hindery, who also is a veteran cable television industry executive.
dailynews.yahoo.com
Rande Is |
