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To: Randy Ellingson who wrote (70694)7/29/1999 5:13:00 PM
From: Glenn D. Rudolph  Read Replies (1) | Respond to of 164684
 



AOL hires telecom lawyer
General counsel joins open access battle

By Rex Nutting, CBS MarketWatch
Last Update: 4:23 PM ET Jul 29, 1999 Internet Daily
Internet Stocks

DULLES, Va. (CBS.MW) -- America Online has hired a top telecommunications lawyer as its general counsel, the company said Thursday.


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Updated:
7/29/99 4:37:12 PM ET



Paul Cappuccio, a senior partner at the Washington law firm of Kirkland & Ellis, has been named senior vice president at the online services company (AOL: news, msgs), which finds itself in a legal battle with AT&T (T: news, msgs) and other cable TV systems over access the cable firms' broadband Internet connections.

Sheila A. Clark has been the company's acting general counsel.

Cappuccio, a Harvard Law School graduate, led Kirkland & Ellis' telecommunications group, whose clients included GTE and Bell Atlantic.

Before joining Kirkland & Ellis in 1993, he worked at the Justice Department as an associate deputy attorney general.

"Paul is an outstanding legal talent who will be a great addition to the AOL team," said America Online Vice Chairman Kenneth Novac in a statement.


Cappuccio clerked for Supreme Court Justices Antonin Scalia and Anthony Kennedy.

Shares of America Online ended Thursday lower, falling 3 1/2 to 99 1/2. See Internet Stocks.

Rex Nutting is Washington bureau chief for CBS MarketWatch.



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To: Randy Ellingson who wrote (70694)7/29/1999 5:32:00 PM
From: GST  Read Replies (1) | Respond to of 164684
 
Randy -- smart money has been leaving. When the best solution is to leave the market, the people who are left behind will not be good at solving the problem -- and the problem is, the market is going down, led by the nets. Good luck Randy.