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Technology Stocks : America On-Line: will it survive ...?
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To: tang who wrote (12281)12/4/1998 10:47:00 PM
From: Art Stone  Read Replies (1) of 13594
 
S&P is going to add AOL to the INDEX!

quote.bloomberg.com;

That's not remotely what the story stays. It says "Analysts and Traders expect" AOL to be added to the S&P 500 - You're reporting hype by market participants, not a decision by S&P.

In fact, the comment from S&P is quite negative:

'David Blitzer, S&P's chief economist and chairman of the committee that picks new index members, defends the exclusion of companies without a solid history of earnings. ''It doesn't do us any good to add a company and then have it go belly-up.'' he said.'
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