America On-Line: will it survive ...? Message Board

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Technology Stocks : America On-Line: will it survive ...?

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To: Keith A Walker who wrote (10486)	6/29/1998 5:27:00 PM
From: Xpiderman	Read Replies (5) of 13594

AOL to Offer $500 Million Common Stock DULLES, Va.--(BUSINESS WIRE)--June 29, 1998--America Online, Inc. (NYSE: AOL - news) announced today that it is offering approximately $500 million of its Common Stock in a block trade off of its universal shelf registration statement. For a written copy of the Prospectus, please call Sara Bhatia with America Online at 703/265-2188. That's about 5 million more shares based on recently price range. This will lead to a earning dilution. Also indicates the management seen the stock's high already. This kind of new offering is good for AOL as a company, but not so good to AOL's old share holders. Comments?

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