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Technology Stocks : America On-Line (AOL)

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To: cody andre who wrote (41048)	4/23/2002 8:00:29 AM
From: JakeStraw	Read Replies (1) of 41369

AOL spin-off? Possible but Wall St says unlikely NEW YORK - AOL Time Warner Inc. shares have fallen to levels that have caused some on Wall Street to have visions of an AOL spin-off, but most believe such a move any time in the near future is unlikely. Shares of the world's largest Internet and media company have fallen to December 1998 lows that many analysts said value the AOL Internet unit at almost zero, leading some to mull "what if" scenarios for spinning off AOL. Even the mere thought of such a move suggests how much has changed since AOL agreed to buy Time Warner in January 2000. At that time, investors had worried that Time Warner's "old media" businesses of music, film, publishing and television would drag down the growth by hypercharged AOL. Now investors are worrying about AOL's growth as subscriber growth slows and advertising remains in the doldrums, leading many to question the benefits of the largest U.S. merger. clickthru.online.com

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