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

To: Glenn D. Rudolph who wrote (13533)	2/1/1999 7:50:00 PM
From: William F. Wager, Jr.	Read Replies (1) \| Respond to of 13594

AOL dropped like a stone when news broke this afternoon that it was buying MovieFone. Anyone know how this acquisition fits into the business plan? Maybe the $treet thinks AOL is paying too much... think the stock was at $6 not that long ago. America Online said Monday it's agreed to buy MovieFone for $388 million in stock. Bob Pittman, president and chief operating officer of AOL, said MovieFone adds "an exciting new area of local e-commerce to AOL and our other brands" and is a "perfect fit with Digital City."