Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : America On-Line (AOL) -- Ignore unavailable to you. Want to Upgrade?

To: Luis who wrote (20755)	6/7/1999 4:55:00 PM
From: TARADO96	Read Replies (4) \| Respond to of 41369

From Bloomberg: AOL, AT&T May Link for Access After Portland Ruling New York, June 7 (Bloomberg) -- America Online Inc., the largest Internet service provider, and AT&T Corp., which is set to become the No. 1 U.S. cable-television company, may ally to provide high-speed access after a federal judge ruled AT&T must let rivals use its cable network in Oregon, analysts said. Earlier this year, Portland-area officials approved the transfer of Tele-Communications Inc.'s cable-television franchise to AT&T on the condition that TCI's cable system be opened for use by outside Internet companies. TCI, which AT&T bought for $59.4 billion in March, and AT&T sued. AT&T agreed last month to acquire MediaOne Group Inc. for $62.5 billion. AT&T is buying cable companies and upgrading their networks to offer local, long-distance, cable and Internet services over a single connection. AOL and other Internet companies want to use AT&T's upgraded cable lines to provide their high-speed data services. ''This gives AOL and ISPs some leverage in negotiating wholesale deals with AT&T,'' said Daniel Zito, an analyst with Legg Mason Wood Walker Inc. who rates AT&T ''outperform.'' ''If such an agreement can be struck, all of the wind goes out of the open access sail instantaneously.'' AOL already has teamed up with local phone companies Bell Atlantic Corp. and SBC Communications Inc. to provide high-speed Internet services. An agreement with New York-based AT&T would give AOL access to about 15.9 million cable customers, including those AT&T will acquire from MediaOne and those Comcast Corp. has an option to buy as a result of the AT&T-MediaOne agreement. AT&T General Counsel James Cicconi said on the CNBC cable-TV network that the company is will to talk with AOL and any other Internet access provider about letting them use AT&T's cable network. ''We believe in open systems,'' Cicconi said. ''We're willing to negotiate with anybody in terms of carriage on those systems.'' Shares of AT&T shares fell 1/8 to 53 1/4. AOL fell 3 1/2 to 114 1/2. Jun/07/1999 16:30 For more stories from Bloomberg News, click here. (C) Copyright 1999 Bloomberg L.P.

To: Luis who wrote (20755)	6/7/1999 4:57:00 PM
From: DepyDog	Read Replies (1) \| Respond to of 41369

Considerin we were up over 12 on friday, this is not a bad give back. We have sure as heck seen worse. Should be interestin to see where we land by the end of the week. Pushin hard in Dixie, :-) Dep

To: Luis who wrote (20755)	6/7/1999 5:09:00 PM
From: Steeny	Read Replies (1) \| Respond to of 41369

Some TA: WE have closed above the 100dma for 2 straight days, but the inability to recapture the 25dma and to follow through on Friday's move is worrisome. There are now 4 distinct peaks since the early April highs, each one lower than the previous. This is a descending triangle formation and is considered bearish. To break out of this pattern, AOL must close above the most recent peak of 120 on heavy volume. Wouldn't be surprised to see a retest of the recent lows. Even if AOL moves higher from there, the speed from 105-120 is almost a gap and the buying may not be dense enough to support a major rally. Supports: 115(was strong until June 1), 105(recent lows), 95(dense zone begins). Resistance: 120(recent peak),125(25dma), 135(50dma), 140(major peak). Some very important inflation data this week and next. Triple witching is a week from Friday, and the Fed meeting at the end of June. Upside will be tough to achieve until much of the dust settles.