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To: Glenn D. Rudolph who wrote (8098)	6/30/1998 8:27:00 AM
From: IceShark	Read Replies (2) \| Respond to of 164687

Glenn, Do you or anyone know why AOL issued those shares? "The proceeds of the offering were going to be used toward continuing the strength of its balance sheet and enhancing financial flexibility." Whatever that means; they might pay down some debt CNBS is saying. I guess it really means we are going to take advantage of the stock price while the going is good. I love this statement "A company spokeswoman said the offering would create no dilution to earnings per share." which seems not to make any sense until you remember these guys don't make any money, so how can you dilute nothing? -vbg- I would have loved to see them state it was actually additive to per share earnings, since it would reduce the loss per share! -g- So a company specific event, but it might make people scratch their head with that no earnings dilution comment. Regards, DWW