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Strategies & Market Trends : MDA - Market Direction Analysis

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To: bobby beara who wrote (15212)	5/27/1999 11:34:00 PM
From: Giordano Bruno	Read Replies (2) of 99985

>>>"AOL the must have internet stock" <<< BB, The more the merrier. Thursday May 27, 9:54 pm Eastern Time America Online files $5 bln shelf offering WASHINGTON, May 27 (Reuters) - America Online Inc. filed Thursday a shelf registration with the Securities and Exchange Commission for up to $5 billion in debt securities, common and preferred stock, depositary shares and warrants. The world's No. 1 Internet service provider said more than $450 million of securities in the $5 billion registration were previously registered and being carried forward. Net proceeds will be used for working capital, capital expenditures, acquisitions and repayment of outstanding debt, the Dulles, Va.-based company said. AOL's stock price closed down more than $4 to $115.75 on the New York Stock Exchange.

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