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Technology Stocks : HOMS Homestore.com

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To: puborectalis who wrote (35)	5/1/2000 8:26:00 AM
From: puborectalis	Read Replies (1) of 505

GREAT news////..........AOL, Homestore enter 5 year marketing deal DULLES, Va., May 1 (Reuters) - America Online Inc. (NYSE:AOL - news) and Homestore.com Inc. (NasdaqNM:HOMS - news) said on Monday they had agreed Homestore.com will be the leading provider of real estate listings on the online service in a five-year deal valued at more than $200 million. America Online will also receive 3.9 million Homestore.com shares and $20 million cash. Homestore.com is required to guarantee performance targets. The deal will provide a ``home-related channel'' on America Online offering 22 million subscribers information about real estate, home services and relocation information, the companies said. Home services information provided by Homestore.com includes home decorating, security hardware and lawn and garden. Under terms of the alliance, Thousand Oaks, Calif.-based Homestore.com will become the exclusive national provider of professional home and moving services in home-related areas across America Online brands such as AOL, AOL.

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