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

To: Jorge who wrote (9576)	4/6/1999 12:52:00 AM
From: gridiron 99	Respond to of 41369

What's the common reason behind splits ? To bring the share price down to attract new investors. With the hot momentum AOL currently has, it probably will hit 225 by May 5, the earnings date. Don't laugh ! Just look at what earnings run is doing to YHOO. Suppose they will declare a 2 for 1, then the new would be 112 1/2. Man, that is still too high. And they will have to split again in another 3 months ? I really think a 3 for 1 split will make much more sense. If they don't have enough authorized shares, and I don't think they do, then all they have to do is to put the proposal on the shareholders' ballot. Companies do that all the time. I don't see this as a problem.