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


To: Tom Rollins who wrote (9653)4/28/1998 11:00:00 PM
From: Pancho Villa  Read Replies (2) | Respond to of 13594
 
Still short AOL. If management believes this puppy should double again I wonder why they were selling like mad when the stock was priced at half its current value. Holding patiently. Internet fever may last a while but these puppies will fall. Short YHOO too.

Pancho



To: Tom Rollins who wrote (9653)4/29/1998 8:38:00 AM
From: RagnBull  Read Replies (1) | Respond to of 13594
 
I wonder if AOL will write off the $5 million loan.

NEW YORK, April 29 (Reuters) - NetChannel Inc. is expected
to shut down its Internet-via-TV service this weekend as it
continues acquisition talks with America Online Inc. (NYSE:AOL),
the Wall Street Journal reported Wednesday.
NetChannel is a competitor to Microsoft Corp.'s (NASDAQ:MSFT)
WebTV unit.
NetChannel is epxected to inform its 10,000 subscribers
within days that it will shutter the service less than a year
after its launch, the Journal said, citing executives familiar
with the plan.
AOL has been helping to fund the closely held company since
November, and has had serious talks about buying it in recent
months, the paper said.
A pact between the two could call for AOL to pay $20
million in cash, a figure that includes the $5 million it lent
NetChannel in November, the Journal said.

Copyright 1998, Reuters News Service



To: Tom Rollins who wrote (9653)4/29/1998 2:14:00 PM
From: Kerry Phineas  Read Replies (1) | Respond to of 13594
 
Tom, ouch. Blow off top? (if it makes you feel any better, I'm sure the iv's on your puts went up a lot, but I'm too tired to check my puts to find out.) Good luck with your position.