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

To: Glenn Petersen who wrote (40811)	10/8/2001 10:20:26 AM
From: E Rosen	Read Replies (1) \| Respond to of 41369

This may cause Bertlesman to sell AOL short. Since Bertlesman will get up to $4.75 billion of AOL stock, it is in their interest to sell short that amount now, to lock in current prices. Also, the lower the share price at the time they exercise, the more stock they receive. This means the drop in share value may come well before December 15 (when they are allowed to exercise the first option). By the way, this is the first I have heard about this option arrangement. Why haven't we heard analysts talking about it???