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Technology Stocks : America On-Line: will it survive ...? -- Ignore unavailable to you. Want to Upgrade?

To: Todd Daniels who wrote (5790)11/11/1997 9:10:00 PM
From: Investor-ex!  Read Replies (2) | Respond to of 13594
 
Todd,

Maybe this link, previously submitted by Baird Soule #5699, will help explain the need for cash:

www1.wsrn.com

If you subtract current assets from current liabilities, AOL is something like $230,000,000 in the hole.



To: Todd Daniels who wrote (5790)11/12/1997 1:38:00 AM
From: Steve Robinett  Read Replies (1) | Respond to of 13594
 
Todd, Assuming the convert rumor turns out to be true, I doubt they will use the proceeds of a long-term debt offering for working capital. I have no evidence for this idea, but maybe they need some cash to go along with some stock to buy something, say, a cable company, or a bunch of smaller ISPs. Or maybe they just need to finance all the network expansion they've done recently. Just trying to grope for an explanation.
Best,
Steve


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