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Technology Stocks : Son of SAN - Storage Networking Technologies -- Ignore unavailable to you. Want to Upgrade?


To: GuinnessGuy who wrote (1105)3/10/1999 7:09:00 PM
From: J Fieb  Read Replies (1) | Respond to of 4808
 
Did you read about AOL's new tech center.......Think they need a SAN?

AOL to build $520 million
tech center
By Bloomberg News
Special to CNET News.com
March 10, 1999, 2:40 p.m. PT

DULLES, Virginia--America Online will build a $520
million technology center in Prince William County,
Virginia Governor Jim Gilmore said.

AOL, with more than 16 million subscribers worldwide, also
plans to spend $80 million for two new buildings at its
headquarters in Dulles, Virginia.

The 220,000-square-foot technology center, near Manassas,
Virginia, will create 175 new jobs, the
company said. AOL received $1 million in
state and county grants to prepare the
25-acre site for the new building, which will
mainly house computer systems to support
Internet traffic.

"The expansion further cements Virginia's role as the Internet
capital of the world," Virginia Secretary of Commerce Don
Upson said.

AOL shares rose 2.69 to close at 92.81 today.

Gilmore and AOL president Robert Pittman were appointed by
Congress to sit on a panel looking at how and whether to tax
Internet commerce. AOL CEO Steve Case serves on Gilmore's
Commission on Information Technology, which helps set the
state's agenda on Internet issues, including a tough policy to
crack down on junk email.

news.com