Why AOL Is the Leader of the Internet Stock Pack
businessweek.com
MORE THAN A TECH STOCK. AOL's blue-chip status has been building since it first listed on the New York Stock Exchange in September, 1996, and asked analysts to hold it to stricter accounting standards. When it brought in Bob Pittman, a consumer marketing whiz, as president and chief operating officer, the investing world started to realize that it was more than a technology stock. "It has been a gradual process," says Gami.
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CAN'T IGNORE IT. AOL still needs a cable deal, however, and Time Warner, which owns the Road Runner service, seems a likely partner. "We expect Time Warner is more likely to do an online deal with AOL," Benjamin wrote on Feb. 19. "While the negotiation seems to be dragging, we have hope for a deal in 1999, with something possible sooner rather than later." |
