America On-Line (AOL) Message Board

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Technology Stocks : America On-Line (AOL)

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To: freeus who wrote (5468)	2/22/1999 11:18:00 PM
From: Joe S Pack	Read Replies (1) of 41369

Netscape, AOL merger Info: I received share holder voting mail from NSCP (own a few hundreds of it after merger was announced. It wa part of my strategy to own more AOL at less cost) for the planned merger between AOL and NSCP. They sent me a booklet titled "A merger proposal -- Your Vote is VERY IMPORTANT". A few interesting information I would like to share with fellow AOL holders: 1) On the very first page it says after AOL split on Feb. 22, 1999, 1 netscape share will be equal to 0.9 AOL. 2) Gives a detailed information on agreement between AOL and SUN service and marketing agreements and intellectual property sharing and several non-exclusive, world wide marketing rights. 3) On page 81, it lists AOl as the number 1 beneficial owner of NSCP shares as of Feb 10, 1999. That is AOL already owns 38.6% of voting shares (40.16M shares). My question is how will this affect the floats after merger? Will AOL use these "already owned" shares any time as part of buyback to reduce the total outstanding shares? Can they use these buy backs to boost their earnings over a few quarters? Another gap up tomorrow? -Nat

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