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To: Chuzzlewit who wrote (234)	3/28/1999 5:46:00 PM
From: puborectalis	Respond to of 419

WOW!.......BP Amoco in Talks to Acquire Arco for $25 Billion in Stock, Report Says BP Amoco in Talks to Buy Arco for $25 Bln, FT Says (Update1) (Adds details from Financial Times report in the first two paragraphs.) London, March 28 (Bloomberg) -- BP Amoco Plc, the world's third-largest publicly traded oil company, is in talks to acquire Atlantic Richfield Co. in an all-stock transaction valued at $25 billion, a published report said. An announcement is expected this week after the boards meet, the Financial Times reported in its online edition, citing unidentified people close to the transaction. The negotiations were reported earlier today on the Wall Street Journal's Internet site. BP Amoco was formed in December by London-based British Petroleum Co.'s $61.7 billion acquisition of Amoco, one of several combinations of large oil companies prompted by declines in the price of crude oil in the last several years. Exxon Corp. last year said it will buy Mobil Corp. to create the world's biggest investor-owned oil company. Officials at BP Amoco couldn't be reached to comment, while Atlantic Richfield spokeswoman Linda Dozier declined to comment. Both companies' stocks have risen along with oil prices after the Organization of Petroleum Exporting Countries pledged last week to reduce world supplies by 2.7 percent. Arco rose 1 5/16 to 65 3/8 Friday in New York trading, while BP Amoco rose 26 pence to 1037 in London. BP Amoco said last month it will accelerate its cost- cutting plan and fire more workers after a prolonged slump in oil prices led to a 37 percent drop in fourth-quarter profit, though the company has fared better than some of its competitors. ©1999 Bloomberg L.P. All rights reserved. Terms of Service and Trademarks.

To: Chuzzlewit who wrote (234)	3/28/1999 5:49:00 PM
From: jhg_in_kc	Read Replies (1) \| Respond to of 419

Chuz, I see you have unburdened your self of a magnum opus on e-tailers. I have downloaded same and will read later. (I have the flu) but what do you think of AOL's valuation currently? It is up 50% since March 5, from 87 to 116 and was as high as 130 before being whacked 10%. I took some short term gains on this ride. I believe you said AOL was already valued as though it had 44 million subscribers on the books but others are raising the issue of satelitte transmission (on the AOL thread) and AOL's P/E is one third that of Yahoo. Have you become comfortable with this stocK? How far do you think it will run? Is this another Microsoft. Tuesday the aol/sunw/netscape alliance announces strategies for the near future, I read recently. Any new thoughts? Does holding AOL long term make you nervous? jhg