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


To: Vendit™ who wrote (30719)9/14/1999 5:10:00 PM
From: Craig A  Read Replies (1) | Respond to of 41369
 
Did everyone get this today?
9/14/99 Deutsche Banc Alex Brown reiterates strong buy, Internet fundamentals solid September web usage seasonally strong

Tech -head friends here talking about 84 to get in.
(for me I would be adding) Any comments would be appreciated on whether waiting for much lower would run the risk of missing a rapid run-up. Ableson's scheme isn't working and with all the upgrades, etc. coming out.....
Tia
Craig



To: Vendit™ who wrote (30719)9/14/1999 8:51:00 PM
From: DOUG H  Respond to of 41369
 
Vendit, What's a few billion between friends?

AOL looks to more than triple authorized shares
SEC filing: Wants permission for total of 6 billion shares

By William L.Watts, CBS MarketWatch
Last Update: 4:57 PM ET Sep 14, 1999 Net Economy


DULLES, Va. (CBS.MW) -- America Online is seeking permission from shareholders to more than triple the number of shares it's authorized to issue, in order to facilitate stock dividends, splits and other measures, according to preliminary proxy papers filed with the Securities and Exchange Commission.

AOL (AOL: news, msgs) had 1.112 billion shares outstanding as of Aug. 31, leaving it room to issue a further 688 million shares under its current authorization of 1.8 billion, the filing said. The AOL board is asking shareholders to increase its authorization to 6 billion shares.

Today on CBS MarketWatch
Dow sinks following retail report
Oracle meets Street targets
AOL to triple shares
Disney shares withstand Hurricane Floyd
Silicon Valley eyes the U.K.
More top stories...
CBS MarketWatch Columns
Updated:
9/14/99 4:34:26 PM ET


According to the proxy, the board believes it would be prudent to have the additional shares available for a host of general corporate purposes, including payment of stock dividends, stock splits or other recapitalizations, acquisitions, equity financings, and stock option grants.

The proxy said the board hasn't decided to effect a stock split, but wants to maintain the ability to do so. AOL has announced six stock splits since October 1994.

Of the 688 million currently authorized but unissued shares, the company has reserved approximately 20 million to be used for the possible conversion of outstanding convertible subordinated debt, 225 million for the company's option plans, and 10 million for AOL's employee stock purchase plan.

Shareholders of record as of Aug. 31 will be eligible to vote on the share authorization measure, as well as other proposals, at AOL's annual meeting Oct. 28 in Chantilly??????>>>>>>>>>******%%%%%#####)@@@@@

NOW IF WE COULD GET EM TO TRIPLE THE VALUE!!!!



To: Vendit™ who wrote (30719)9/15/1999 3:09:00 PM
From: john defreitas  Read Replies (1) | Respond to of 41369
 
Vendit and all, any opinion on T and their announcement this morning of lay offs, cost reductions, getting killed on long distance price cuts and low and behold the price is now down $20 from its high. lets see who needs who the quickest for an open access deal to take place. i read it as very positive for AOL and puts them in a much better bargaining position with T. if T's earnings come in low and the stock keep dropping they will be knocking at AOL's door to put together a deal. T has gone out a limb and leveraged themselves with the combo of UMG and TCI. not much room for disappointment for them here. this wait and see attitude that AOL has taken could end up as a very smart move.



To: Vendit™ who wrote (30719)9/15/1999 7:59:00 PM
From: nohalo  Respond to of 41369
 
The Canadian solution to open access. Ammunition for the open access movement:

yahoo.cnet.com