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

To: jack rand who wrote (10300)	6/17/1998 6:52:00 PM
From: J.S.	Respond to of 13594

They called this a "tentative offer". This could mean anything. Again, irresponsible journalism. I know what really happened. "One person" told me the following: Case and Armstrong were on the golf course and Armstrong asked Case if he was still being hounded by investment bankers to which Case replied that he was not but had always wondered if ATT would indeed make an offer to buy AOL. Case added that the offer would have to be well above whatever the market cap was at the time (it was about 14.8 B at the time of this conversation). Armstrong then asked "Steve would you sell out?" Case replied "Nah, you know me Mike". The caddy who is the second cousin of my wife's spinster aunt who still resides in Brighton, UK heard this and the story spread. Please don't tell anybody I told you this as my wife was sworn to secrecy and was not even supposed to tell me