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

To: RocketMan who wrote (37592)	1/13/2000 5:23:00 PM
From: TARADO96	Respond to of 41369

AOL, Time Warner Investors Support Combination Dulles, Virginia, Jan. 13 (Bloomberg) -- America Online Inc. and Time Warner Inc. shares are poised to rise after concern about slower growth cut the value of the companies proposed combination by about 10 percent to $163 billion, some investors and analysts said. ``My initial instinct was to sell Time Warner, but I've bought into the whole idea,' said Ethan Silverman, manager of SilverTree E*TV Capital, which owns Time Warner shares. America Online agreed on Monday to buy the world's largest entertainment company to gain broader access to its media content and cable-television networks. America Online's Stephen Case and Time Warner's Gerald Levin have pitched the combination as the next step for a traditional media company in the Internet age. ``We've been buying the companies' stock since Monday,' said John Schreiber, a portfolio manager at Janus Capital Corp., the largest shareholder in America Online and Time Warner's second-largest investor. ``The combined company has years and years of high growth ahead of it.' Still, America Online's shares have fallen about 9 percent since the record stock and debt transaction was announced. Time Warner has dropped 8 percent, after initially surging 42 percent, as some investors raised concern that revenue and profit growth would slow after the combination was completed. America Online rebounded 4 3/16 to 64 5/16 on the New York Stock Exchange, while Time Warner gained 3 11/16 to 82 15/16. ``There's a lot of synergy and cost saving opportunities. We're holding. We'll probably look to add' to the company's position in America Online, said Ned Brines, a fund manager at Roger Engemann & Associates Inc. in Pasadena, California. Some investors and analysts attribute the decline to selling by investors who bet that that the company wouldn't grow as fast as the shares of pure Internet-related firms. Lycos Example Some investors pointed to the failed attempt by USA Networks Inc. to win support of its purchase of Web site network operator Lycos Inc. That transaction, valued at about $15.9 billion when it was announced last February, also paired a traditional media company with an Internet company. That merger was intended to give USA Networks, owner of the USA Network cable-television network, Home Shopping Network and Ticketmaster ticketing service, a way to expand in electronic commerce and give Lycos a media partner to promote its service and compete against bigger rivals. Still, it fell apart in three months because of a lack of support from Lycos shareholders, who had hoped USA Networks would offer them a bigger premium. Still, some investors say that merger didn't offer the benefits of the Time Warner-America Online combination, which gives America Online the content and high-speed Internet access it needs, and Time Warner a way to bring more of its programming and brands on line. ``This has been something AOL has been lacking. With USA Networks and Lycos, it wasn't as significant in terms of solving a piece of the puzzle,' said Susan Walker, an analyst at J.P. Morgan Securities Inc., who has a ``buy' rating on America Online. Jan/13/2000 16:25

To: RocketMan who wrote (37592)	1/13/2000 5:28:00 PM
From: kennbill	Read Replies (1) \| Respond to of 41369

Hey RM.. long way from our old favorite stock.. I got into both also yesterday and now in the black.. Take care.. (How's the sailing??) Janitor

To: RocketMan who wrote (37592)	1/13/2000 5:30:00 PM
From: Sonny McWilliams	Read Replies (1) \| Respond to of 41369

I wish I had some TWX. It worked out fine when I had NSCP. I think the street will be warming up to this deal. It takes those guys a while to check out something new. gg.

To: RocketMan who wrote (37592)	1/13/2000 6:55:00 PM
From: Rascal	Respond to of 41369

Boy, when Pruguy sold I thought it was all over. It had to be capitulation. I almost put in an oder to sell it all at 60. But I caught Pittman yesterday in a short blurb when he said" You guys don't think we did this for blended rates....." And then I knew they were still "on strategy" to be an explosive growth company. Gates and Baller looked pathetic. Gates was saying " I deserve a promotion too... I'm Steve Case's peer. I want a job where I can really begin thinking about this stuff..Look here... I'm the Grand BOBAH Atchitect of Software." Really sad. Is this guy Ballmer the only one who could stand Gates enough to hang around? Succession planning stinks.