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

To: Philip Williams who wrote (9654)	4/6/1999 2:59:00 PM
From: Roy F	Respond to of 41369

"Major" Internet press conference set for Wednesday April 6, 1999 02:30 PM NEW YORK, April 6 (Reuters) - A news conference is set for Wednesday on what is billed as a "major Internet announcement in the media business" involving at least two companies, a spokeswoman for the public relations firm organizing the event said. The firm, Robinson Lerer & Montgomery of New York, said in a statement that the conference would feature "the companies' CEOs and other executives." A spokeswoman would not identify the companies involved. The briefing is for a "major Internet announcement in the media business," the statement said. Robinson Lerer's clients include America Online AOL , the biggest Internet services company. Rumors have swirled for days that America Online was looking for a big merger in the media sector. Speculation has centered on a possible acquisition of CBS Corp. CBS A spokesman for CBS was not available to comment. A spokeswoman for America Online declined to comment. Two sources close to America Online said they were unaware of the planned press conference. The conference is scheduled for 10:30 a.m. EDT (1430 GMT) at the Righa Royal Hotel in New York City. America Online and CBS stocks both rose after the advisory was issued. AOL stock gained $3.25 to $170.19, while CBS stock was up $2.31 on the day at $44.19, both in composite U.S. stock exchange trading. ((-- New York newsdesk, 212-859-1700)) REUTERS