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Technology Stocks : What about old Time Warner
TWX 98.770.0%Jun 15 5:00 PM EST

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To: sixty2nds who wrote (70)11/2/2005 9:48:37 AM
From: sixty2nds  Read Replies (1) of 102
 
09:12 TWX Time Warner conference call summary (17.57 ) -Update-

Co says on call they won't make any comments on rumors regarding AOL; mgmt says Q3 can be summed up by one word, "good"; co says they continue on planning 30-40% EBITDA into free cash flow for full yr... Says they are on target to exceed 1 mln phone customers by years end... Says new buyback announced this morning will be complete 21 months from today; says buying back stock is most compelling investment they can make... Says AOL continues to represent one of the best long-term values for TWX; co says only one thing regarding AOL rumors --that they are involved in strategic discussions w/ outside parties about AOL (says the parties have been named in the media) but the co says it is not sure if anything will come out of it.
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