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Technology Stocks : America On-Line (AOL)

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To: Uncle Frank who wrote (9753)	4/6/1999 9:59:00 PM
From: Glenn D. Rudolph	Read Replies (3) of 41369

"Major" Internet press conference =2 New York The briefing is for a "major Internet announcement in the media business," the statement said. Robinson Lerer's clients include America Online <AOL.N>, the biggest Internet services company. Rumors have swirled for days that America Online was looking for a big merger in the media sector. Speculation has centered on a possible acquisition of CBS Corp. <CBS.N> A spokesman for CBS was not available to comment. A spokeswoman for America Online declined to comment. Two sources close to America Online said they were unaware of the planned press conference. The conference is scheduled for 10:30 a.m. EDT (1430 GMT) at the Righa Royal Hotel in New York City. America Online and CBS stocks both rose after the advisory was issued. AOL stock gained $3.25 to $170.19, while CBS stock was up $2.31 on the day at $44.19, both in composite U.S. stock exchange trading.

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