SI
SI
discoversearch

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: john douglas who wrote (24061)6/25/1999 4:15:00 PM
From: Tae Spam Kim  Read Replies (1) | Respond to of 41369
 
AOL and Juno Rumor - 3:58 PM EST - TK
Juno (JWEB) surged today on rumors of a potential AOL buy-out. Analysts believe the deal would make sense as both companies serve the same mass-market consumer demographic.

Shares in Internet email service provider Juno Online Services rose to their best level ever today amid rumors that the company may be acquired by America Online. Juno, which offers free basic email service, reached a high of 29.38 before slipping back to 26.06, up 3.88 in early afternoon trading. The stock made its market debut last month at $13 a share. Juno was among the most active issues on the Nasdaq Stock Market, with nearly 7 million shares changing hands. AOL was off 5.13 at 101.63. Rumors of a deal between AOL and Juno were prominent in Internet chat rooms. "I've heard the same rumors you've heard" about the companies, said Ned Collins, head of trading at Daiwa Securities America. A spokeswoman for New York-based Juno refused to comment on the rumors, and AOL officials were not immediately available for comment. - News.com