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Technology Stocks : InfoSpace (INSP): Where GNET went!

INSP 89.89

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To: Lizzie Tudor who wrote (2771)	4/6/1999 5:51:00 PM
From: Sgt. Stockpile	Read Replies (1) of 28311

There is no AOL/CBS announcement tomorrow: AOL explicitely denied it: nt.excite.com AOL Denies Role In Planned Internet Media Event (Last updated 4:45 PM ET April 6) NEW YORK (Reuters) - America Online Inc. said it has no plans to make an announcement Wednesday,dispelling market speculation it was involved in a news conference to unveil a "major" Internet media deal. A news conference is scheduled to be held in New York Wednesday involving chief executives of at least two companies according to a communications firm that is hosting the event. Market rumors have been flying in recent days that AOL could be gearing up to announce a deal to acquire CBS Corp. . "We don't have an announcement planned for tomorrow," America Online spokeswoman Tricia Primrose told Reuters Tuesday afternoon in response to a question about whether the company planned to participate in the New York news conference. The spokeswoman had earlier declined to comment on whether AOL was planning to participate in the news conference, saying: "We don't comment on rumors and speculation." She declined to comment on potential acquisition deals. Earlier, Robinson Lerer & Montgomery, a public relations firm with close ties to America Online had issued an advisory announcing the news conference. The conference is scheduled for 10:30 a.m. EDT (1430 GMT) at the Righa Royal Hotel in New York City. The statement said the event, described as a major Internet announcement in the media business, would feature, "the companies' CEOs and other executives." A spokeswoman for Robinson Lerer would not identify the companies involved.

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