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

To: robert duke who wrote (25956)	7/18/1999 8:11:00 PM
From: Ed Forrest	Read Replies (2) \| Respond to of 41369

And the news just keeps on coming: Sunday July 18, 1999 DAILY BRIEFING AOL-cable deal could undermine OpenNet Amid the public wrangling over open access to cable networks, America Online is talking with AT&T and Time Warner behind the scenes about a deal, sources say. There's optimism in some quarters that AOL and AT&T will reach an agreement by fall giving AOL access to AT&T's network. Others say it may take considerably longer, but will eventually happen. “They will come to a solution that doesn't require federal legislation,” says a Wall Street source. Such a solution could leave the OpenNet Coalition, of which AOL is a founding member, out in the cold. OpenNet has mounted a noisy and thus far reasonably successful campaign aimed at getting local governments to force cable operators to open their networks to outside Internet service providers, including AOL. But if AOL negotiates a “separate peace” in the business arena, which is what AT&T has argued for all along, it would be a tacit acknowledgement that OpenNet was barking up the wrong tree. -------------------------------------------------------------------------------- DirecTV and SBC working on deal DirecTV and Baby Bell SBC Communications are in talks about expanding an existing alliance, but haven't reached an agreement, sources familiar with the situation say. Current discussions focus on SBC marketing and distributing DirecTV to single-family residences. DirecTV and SBC in March 1998 formed a marketing-distribution alliance aimed at multiple dwelling units (MDUs). They acknowledged then that they were discussing a similar partnership that would cover single-family residences. The companies may be seeking to have a signed agreement in time for the Satellite and Broadcasting and Communications Association annual convention, which started Sunday

To: robert duke who wrote (25956)	7/18/1999 8:40:00 PM
From: Ed Forrest	Read Replies (1) \| Respond to of 41369

Internet bash: One to watch Who's who to gather: Meeker, Gurley, Pittman, Koogle By Bambi Francisco and Thom Calandra, CBS MarketWatch Last Update: 6:28 PM ET Jul 16, 1999 Net Stocks Conference site StockWatch LAGUNA NIGUEL, Calif. (CBS.MW) -- In the midst of the frenzied earnings season, a group of Internet visionaries and leaders will gather this weekend for a high-priced Web gathering. Today on CBS MarketWatch Fed dread set to roll in Microsoft hits $500 billion market cap milestone Qwest to pay $35 billion for US West Telewest offers $12.5 billion for C&W's cable unit, report says Elaine Garzarelli: Bull market has endurance More top stories... CBS MarketWatch Columns Updated: 7/18/99 5:07:54 PM ET Internet Summit '99, sponsored by The Industry Standard magazine and produced in partnership with IDG Conference Management Co., runs Saturday through Tuesday in Laguna Niguel, Calif. Corporate sponsorships for the event run as high as $130,000, according to the San Francisco-based magazine's marketing materials. About 500 people are expected to attend, an Industry Standard spokeswoman said Friday. The starting line-up of presenters is certain to draw a crowd. Throw in the surf clinics, beach volleyball, sport fishing and Tiki Party on the beach, and the all-around experience should be one big whirl. On Sunday at 4 p.m., Morgan Stanley's Mary Meeker and Bill Gurley, general partner at Benchmark Capital, will make opening remarks to address the theme: The Internet Economy is Up for Grabs: Who Will Win? Charles Schwab Chief Executive David Pottruck (SCH: news, msgs), who speaks on Monday, will likely address the explosive growth of the online brokerage business and what it takes to keep it going. The session also will feature an up-and-comers gathering of new technologies and Web companies. Of course, what's a Net conference without talk of broadband, whether it's DSL or cable. Bob Pittman, president of America Online (AOL: news, msgs), is expected to address those issues when he's interviewed by Meeker on Monday. Marc Andreesen, AOL's chief technology officer, is also expected to say a few words. Perhaps to address the other side of the high-speed divide, Excite AtHome's Chief Executive Tom Jermoluk is also among the scheduled speakers. Among other speakers scheduled to appear are Jeff Bezos, co-founder of Amazon.com (AMZN: news, msgs); Tim Koogle, chairman of Yahoo (YHOO: news, msgs); and Jay Walker, founder of Priceline.com (PCLN: news, msgs). For more information about the gathering, see the official Web site.

To: robert duke who wrote (25956)	7/19/1999 1:25:00 AM
From: Marvin Mansky	Read Replies (2) \| Respond to of 41369

Robert Duke: I'll take those prices. Do you guarantee them? When will we see them? Just kidding. An Internet stock with the acquisitions that AOL has made commands such high PE's. Remember high PE's are granted when earnings acceleration is strong in a company. Earnings acceleration is very strong at AOL. When a company matures, PE's settle down. This will not occur at AOL for a good number of years since the Internet is still in its infancy. Look for bandwidth increases, non PC's set top boxes and e-commerce software to grow earnings.