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Technology Stocks : America On-Line: will it survive ...?
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To: craig who wrote (5096)10/17/1997 9:32:00 PM
From: Keith O'Neill   of 13594
 
Steve Case booted off Excite board to give freedom to compete against
AOL:

'Separately, the Internet media company (Excite) said that Steve Case,
chairman and chief executive of America Online Inc. has resigned
(walked the plank) from Excite's board of directors. The resignation
of the high profile executive of AOL, which holds a roughly 17
percent stake in Excite, reflects in part the complexity of business
deals involving the Web.

While Excite has taken over AOL's search businesses and become a
supplier to the online service, it is increasingly competing for the
attention of the same consumers.

"This gives us greater freedom of operation to challenge them," said
Bell, noting that conflicts of interest had prevented Case from attending many board discussions.'

yahoo.com
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