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

To: tang who wrote (7157)	3/19/1999 12:30:00 PM
From: jacksoo	Read Replies (1) \| Respond to of 41369

iVillage out to day. Talk of opening at $100!!! Great news for AOL

To: tang who wrote (7157)	3/19/1999 12:36:00 PM
From: Vendit™	Respond to of 41369

Netscape to Announce Big Layoffs By Spencer E. Ante Staff Reporter The America Online ( (NYSE:AOL - news) )-Netscape Communications ( (Nasdaq:NSCP - news) ) get-together might begin with a goodbye. In what could turn out to be the Internet economy's biggest instance of downsizing, sources close to Netscape say the pioneering company is close to laying off as much as 30% of its workforce. The layoffs could take place as soon as next week, say observers close to the company. The cutback in Netscape's workforce is part of the move by AOL to integrate Netscape into its operations, creating one giant Internet media conglomerate. On Wednesday, Netscape shareholders voted to approve AOL's acquisition of the Mountain View, Calif.-based company. When the merger was announced last November, the deal was valued at $4.2 billion but it is now worth nearly $9 billion. In that period, AOL's share price has more than doubled and its stock split 2-for-1 last month. Netscape's stock has also surged on the deal, increasing 145% since it was announced.