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Technology Stocks : America On-Line (AOL)

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To: Annette who wrote (6516)3/12/1999 5:08:00 PM
From: Jenne  Read Replies (1) of 41369
 
AFTER THE BELL-Netscape AOL boosted
NEW YORK, March 12 (Reuters) - Shares in America Online Inc. (NYSE:AOL - news) and Netscape Communications Corp. (Nasdaq:NSCP - news) moved up in Instinet after-hours trading Friday after the U.S. Justice Department said it will allow AOL to buy the Web-browser firm.

AOL, the world's largest Internet provider company, was trading at 96-1/8 on Instinet, up from its close of 95-13/16 on the New York Stock Exchange, where it had gained 3/16 during regular trading.

Netscape was trading at 85-1/2, up from its close of 84-7/8 on Nasdaq, where it gained 1/4 during the day.

Microsoft Corp. (Nasdaq:MSFT - news), which said the decision by the Justice Department now makes its antitrust case irrelevant, was trading down at 160-1/60 on Instinet. It closed on Nasdaq at 160-3/16.

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