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

To: IKM who wrote (5966)	11/14/1997 4:14:00 PM
From: Alec Epting	Respond to of 13594

Didn't they just get out of XCIT? What about Web Crawler?

To: IKM who wrote (5966)	11/14/1997 4:27:00 PM
From: yard_man	Read Replies (1) \| Respond to of 13594

I thought they needed the cash to pay someone else!! Didn't they jsut sign a big contract with GTE or somebody?

To: IKM who wrote (5966)	11/14/1997 4:28:00 PM
From: Sam	Respond to of 13594

There was a blurb from the WSJ about that possibility - the rumor was started on the Motley Fool thread on AOL. Someone was speculating that AOL would buy out XCIT - because the purchase price would be around the $350 million raised and Steve Case resigned from the XCIT board (conflicting interest if he was on the board). S.

To: IKM who wrote (5966)	11/14/1997 4:31:00 PM
From: jack rand	Respond to of 13594

That's the AOL Fool hoi-poloi chat wondering what AOL would do with the $350 million. Yes, not only did they just sell some XCIT, but Case also resigned from the board. AOL EVP Legal said at the time it was because Case increasingly found himself having to absent meetings and director's duties because they involved XCIT stuff competitive to AOL. YHOO -- too expensive for AOL. $2.5b market cap, and too much owned by Softbank. SEEK could be done. But AOL's agreement with Excite is for the co-branded NetFind to be exclusive AOL search engine until 03/99.