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: LindyBill who wrote (13002)	12/23/1998 7:02:00 PM
From: jim shiau	of 13594

News from briefing.com: America Online Inc. (AOL) 137 +14 1/4: --UPDATE-- according to Merrill Lynch, it projects a weighting of 65 basis points in the S&P 500 index using yesterday's closing prices; this compares with Disney's weighting of 65 and Chrysler's 35 basis points prior to being removed from the index; using an estimate of $650 bln indexed to the S&P 500, indexers will need to buy $4.22 bln of AOL; S&P MidCap indexers will likely offset some of the buy trade flow from the S&P 500 indexers; hence, Merrill expects a net purchase of $2.92 bln or approximately 21 mln shares or 5% of total outstanding shares by index fund trading.....

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