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Technology Stocks : What about old Time Warner -- Ignore unavailable to you. Want to Upgrade?

To: sixty2nds who wrote (46)	8/15/2005 10:19:48 AM
From: sixty2nds	Read Replies (1) \| Respond to of 102

09:17 TWX Time Warner: Icahn comments on TWX (18.24 ) -Update- Carl Icahn announces that Icahn Partners and Icahn Partners Master Fund, Franklin Mutual Advisors, JANA Partners, and S.A.C. Capital Advisors hold common stock and options which represent, in the aggregate, over 120 mln shares of TWX, which when fully exercised would have a market value in excess of $2.2 bln. Icahn indicated that the Investor's believe that a separation of the cable business from the content businesses combined with the immediate repurchase of at least $20 bln of common shares would eliminate the discount between TWX's share price and the inherent value of its unique assets. The Investors intend to discuss these views with other large holders of TWX common stock. Icahn states that the Investors have entered into an agreement pursuant to which they have agreed not to sell TWX equity securities until the earlier of February 2007 and the date of the next annual meeting of TWX shareholders, except with Icahn's consent. Icahn indicated that the agreement also provides that in the event he determines to nominate a candidate or candidates for the Board of Directors of TWX, the Investors will support the election of such nominees.