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

To: KM who wrote (3576)	1/27/1999 4:14:00 PM
From: Roy F	Respond to of 41369

America Online's Board of DirectorsDeclares Two-for-One Stock Split January 27, 1999 04:09 PM DULLES, Va.--(BUSINESS WIRE)--Jan. 27, 1999--America Online, Inc. AOL today announced that its Board of Directors has voted to declare a two-for-one split of the Company's common stock. On February 22, 1999, stockholders will receive one additional share for every share they own on the record date of February 8, 1999. Following the effective date of the split, America Online will have approximately 933 million shares outstanding. Steve Case, Chairman and Chief Executive Officer of America Online, said: "We are extremely pleased that we are once again able to split our common stock. By making ownership of our Company more accessible to the average investor, we hope to enable as many people as possible to share in the future growth of America Online and the interactive medium." America Online went public on March 19, 1992, and its pending stock split marks its sixth since November 23, 1994. A stockholder who bought 1,000 shares for $11,500 at the Company's initial public offering on March 19, 1992, and held the stock would, after the latest split, own 64,000 shares valued at approximately $5 million based on current prices. The last stock split took place on November 17, 1998. About America Online, Inc. America Online, Inc., based in Dulles, Virginia, is the world's leader in branded interactive services and content. America Online, Inc. operates two worldwide Internet services: America Online, with more than 15 million members; and CompuServe, with approximately 2 million members. America Online, Inc. also operates AOL Studios, a leading builder of Internet brands for new market segments. Other branded Internet services operated by America Online, Inc. include AOL.COM, the world's most accessed Web site from home; Digital City, Inc., the No. 1 branded local content network and community guide on AOL and the Internet; AOL NetFind, AOL's comprehensive guide to the Internet; AOL Instant Messenger, an instant messaging tool available on both AOL and the Internet; and ICQ, an instant communication and chat technology on the Internet.