Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: ChinuSFO who wrote (5791)	2/25/1999 10:31:00 PM
From: Dom B.	Read Replies (1) \| Respond to of 41369

Here's another one, Chin - bloomberg.com What say you? Conservative?

To: ChinuSFO who wrote (5791)	2/26/1999 1:22:00 AM
From: puborectalis	Read Replies (2) \| Respond to of 41369

Speculation that AT&T eyeing AOL-BusinessWeek NEW YORK, Feb 25 (Reuters) - Speculation that U.S. communications giant AT&T Corp may be eyeing online services provider America Online Inc (NYSE:AOL - news) for a merger has resurfaced on Wall Street, the March 8 issue of BusinessWeek reports. ''There are rumours on the Street that AOL may well be the target of the likes of AT&T for a merger of near-equals,'' the magazine's closely-watched Inside Wall Street column said. ''But analysts think AOL's huge market capitalisation of $83.5 billion would deter any potential partner.'' Veteran online industry analyst Gary Arlen of Arlen Communications in Bethesda, Maryland, said he was aware that the rumours of a potential AT&T-AOL tie-up had resurfaced in recent days but had no evidence there was anything to the talk. ''They sure are acting like lovers who want to make sure people don't know they are in love,'' Arlen said of the two companies. Still, he noted that in the current industry environment, ''anything is possible.'' The BusinessWeek column did not provide any sources or further details on the talks, and neither of the companies was available for comment. There have been rumours in the past of such a blockbuster link-up. But AOL already forged a complicated three-way deal a year ago with AT&T's archrival MCI WorldCom Inc. (Nasdaq:WCOM - news) to acquire the online service CompuServe, with MCI providing AOL a large chunk of its Internet access network facilities. The column downplayed the rumours, saying analysts believe AOL shares keep climbing because the Dulles, Virginia-based company has strong fundamentals. The column said Warburg Dillon Read Internet analyst Michael Wallace sees AOL's worth at $110 per share at least while the company's stock on Thursday closed at $87.19 on the New York Stock Exchange. AT&T shares last traded in New York at $84.07.