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Technology Stocks : America On-Line (AOL)

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To: Chas who wrote (14307)5/2/1999 8:25:00 PM
From: Bruce Cullen  Read Replies (1) of 41369
 
Top Financial News
Sun, 02 May 1999, 8:13pm EDT
MediaOne Approves AT&T $62.5 Bln Bid; Gives Comcast a Thursday Deadline...

...Analyst Brian Adamik, a Yankee Group senior vice president,
said it might be best for Comcast to collect the break-up fee.
It's unlikely AOL or Microsoft will enter the bidding, though
Allen may jump in, he said.
''We're at an important time right now as industry
redefinition is taking place with mergers and acquisitions,''
Adamik said. ''The friends and enemies you make today will last
for a long time. It's in AOL's best interest not to get on AT&T's
bad side.''


Microsoft and AOL declined comment on the acceptance of
AT&T's bid by MediaOne. AT&T and MediaOne also declined to
comment. Paul Allen wasn't immediately available for comment.
-- Greg Wiles

---------------

(IATV), a "Coiled Spring" and awaiting final close of MediaOne's takeover by AT&T, so-far so-good.
hardrightedge.com
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