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

To: Eski who wrote (36716)	1/10/2000 5:45:00 AM
From: Sowbug	Read Replies (2) \| Respond to of 41369

Anyone predict what the merger price will be? This sentence from an article <http://dailynews.yahoo.com/h/nm/20000110/ts/aol_timewarner_1.html> concerns me: "Dulles, Va.-based AOL (AOL) currently has a market capitalization of about $164 billion, about twice the $83 billion of New York-based Time Warner, but the deal's terms are unlikely to value AOL as highly, the people told Dow Jones." What the heck does that mean? That AOL has agreed to a merger price *below* $73??!?!?!?

To: Eski who wrote (36716)	1/10/2000 5:49:00 AM
From: zello	Read Replies (1) \| Respond to of 41369

This is my favorite line of the press release..."By uniting a major media conglomerate with a leading Internet company, the transaction is likely to have major repercussions on both industries." Major repercussions. "It comes at a time when many big media companies are struggling to figure out how to harness the power of the Internet, and when Internet companies are increasingly looking to put entertainment and other content on their Web sites to attract more customers," Dow Jones said. "People briefed on the transaction told Dow Jones that AOL shareholders are likely to hold a majority stake in the merged company of just over 50 percent." Z