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

To: Mick Mørmøny who wrote (36737)	1/10/2000 7:08:00 AM
From: Albert Martin	Respond to of 41369

Want to send this story to another AOL member? Click on the heart at the top of this window. AOL, Time Warner merger to set Wall St alight LONDON, Jan 10 (Reuters) - A merger between online service provider America Online <AOL.N> and media giant Time Warner <TWX.N> looked set on Monday to put the touchpaper to U.S. shares, still smoking from Friday's explosive gains, London dealers said. AOL and Time Warner shares were both marked sharply higher in London, although only AOL traded prior to confirmation of the rumours. Immediately after the announcement, Time Warner shares traded at $92, compared with their New York close on Friday of $64-3/4. AOL stock traded at $84-1/2, having earlier touched $87. They closed in the U.S. before the weekend at $72-7/8. Dealers said the media merger activity would inject fresh vigour into U.S. equities across the board, helping lift the Dow to new highs at the opening bell. Globex-traded S&P futures were at 1,465.8, some 11 points higher than their estimated fair value, inidicating gains of around 100 points by the Dow in the opening minutes. The Nasdaq was also expected to jump in early trade, having reversed steep losses in the opening week of 2000 with a 4.2 percent rise on Friday. Internet portal Yahoo Inc <YHOO.O>, a key Nasdaq constituent, also got sucked into the updraft, trading actively in London at up to $422. Meanwhile telephone equipment maker Lucent Technologies Inc <LU.N> clawed back some of the 22 percent it lost on Friday, after a rare profit warning sent investors scurrying for the exit. Lucent shares traded at $58 on Instinet, having closed in New York on Friday at $53-1/8. 06:41 01-10-00