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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 (80)12/14/2005 10:17:58 AM
From: sixty2nds   of 102
 
05:57 TWX Time Warner showdown - NY Post (17.79 )

The NY Post reports a gang of corporate gunslingers is gathering for a big showdown against Dick Parsons so they can force his Time Warner (TWX) into a break-up sale. The gang flexed its muscles yesterday when Carl Icahn demanded that Time Warner chief Richard Parsons and his directors turn over board minutes and records. Icahn believes the documents show a cover-up of corporate foot-dragging that has cost investors untold millions. Icahn's latest move comes just two days after Time Warner's former chairman Steve Case — who sat on the board until October — wrote a surprising public attack on the co for failing to take action on his suggestion in July to break itself into four units.
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