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Technology Stocks : America On-Line (AOL) -- Ignore unavailable to you. Want to Upgrade?

To: 1SFG who wrote (1300)	1/4/1999 1:32:00 PM
From: Chuzzlewit	Respond to of 41369

John, you asked But doesn't AOL have to be holding those shares to swap? No. There is no difference (from a practical point of view) between issuing "new" shares or issuing share out of treasury. The effect is the same. TTFN, CTC

To: 1SFG who wrote (1300)	1/4/1999 2:20:00 PM
From: sam	Read Replies (3) \| Respond to of 41369

Apparently Vanguard has only purchased about 50% of there position. They'll buy the rest over the next few days -- hoping for a better price than 160. They tell CNBC that they are under no legal obligation to own aol at any particular time (i.e. at the exact time that AOL trades in S&P 500). Caretaker passive fund managers need to remember that it really doesn't matter at what price they buy!! Right? Probably some big sells will precede the major buys. Just my opinion -- I could be wrong -- so it is not necessary to flame me.