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To: GST who wrote (42064)2/23/1999 7:12:00 PM
From: Glenn D. Rudolph  Read Replies (1) | Respond to of 164687
 
I buy into this idea. If others do also we may not move much further up
though as people will get trigger happy.


I just want 5 more points out of YHOO first<G>

Glenn



To: GST who wrote (42064)2/24/1999 7:59:00 AM
From: Glenn D. Rudolph  Respond to of 164687
 
Bertelsmann earns 230 mln dm on AOL stake sale-paper
FRANKFURT, Feb 24 (Reuters) - German media group Bertelsmann
AG <BTGGga.F> has earned 230 million marks by selling a tenth of
its shares in America Online (AOL) <AOL.N> via the stock market,
according to a newspaper report on Wednesday.
"Our profit is 230 million marks," Boersen-Zeitung newspaper
quoted Bertelsmann Chief Executive Thomas Middlehoff as saying
in an interview. He added that following the sale, Bertelsmann
still had an AOL stake worth about two billion marks ($1.12
billion).
Middelhoff also said Bertelsmann remained interested in
increasing its stake in the Premiere Pay-TV channel -- currently
37.5 percent -- but that if that proved impossible, a sale or
reduction of the stake was possible.
The paper quoted him as saying Bertelsmann did not intend to
make major acquisitions in the next two years but was always
ready to seize an opportunity.
Referring to the planned flotation of Barnesandnoble.com and
Pixelpark, Middelhoff said Bertelsmann would retain the majority
of those units.


($1=1.779 Mark)
REUTERS
Rtr 03:47 02-24-99