Roger's 1998 Short Picks Message Board

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Strategies & Market Trends : Roger's 1998 Short Picks

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To: Joey Two-Cents who wrote (10227)	6/17/1998 10:29:00 PM
From: Ploni	Read Replies (1) of 18691

What's wrong with this picture? NEW YORK (AP) - America Online's stock climbed 5.5 percent today after a published report said the world's largest online service provider rejected a takeover proposal from AT&T. The Financial Times said AT&T chairman Michael Armstrong approached AOL several weeks ago with a tentative offer. But AOL officials told AT&T several days ago that they did not want to sell the company, the report said. AOL's current stock-market value is more than $19 billion, and AT&T was willing to pay "comfortably above that," the report said.

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