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

To: jan_mike who wrote (6807)	1/13/1998 12:44:00 PM
From: Sam	Read Replies (1) \| Respond to of 13594

Ran across this at lunch. Why WebTV will fail... zdnet.com S.

To: jan_mike who wrote (6807)	1/13/1998 12:46:00 PM
From: John Kratus	Read Replies (2) \| Respond to of 13594

I was planning to hold out and short AOL again at 90. But the S&P news changed my mind. NEW YORK, Jan. 13 /PRNewswire/ -- Standard & Poor's today assigned its single-'B' rating to America OnLine,Inc.'s (AOL) $350 million 4% convertible subordinated notes due 2002. A double-'B'-minus corporate credit rating also was assigned to the company, as was a double-'B'-minus bank loan rating. S&P ratings are something that wall street takes very seriously. This may be the chink in AOL's armour that could lead to a downgrade or two. I shorted at 87 5/8. John